Announcement from the Saudi Exchange regarding STC Secondary Public Offering – Institutional Tranche (Negotiated Deals)
Reference to the published announcement by SNB Capital as the lead manager of STC Secondary Public Offering titled “Announcement in connection with the launch of secondary public offering in STC shares” on the Saudi Exchange website, and with regards to the institutional tranche transactions on Sunday 12 December 2021; in accordance with the Negotiated Deals framework issued by the Saudi Exchange, please note the following:
• The Saudi Exchange will facilitate a new session prior to the opening auction (pre-market) for only Negotiated Deals on STC on Sunday 12 December 2021.
• The Negotiated Deals session will allow Members related to the STC Secondary Public Offering to place Negotiated Deals only on STC (symbol: 7010).
• Usual market hours for all other listed securities will remain the same, where the opening auction will start at 09:30:00 AM.
• Negotiated Deals conducted prior to the opening auction (pre-market) for that day will be reflected on the Negotiated Deals page on the Saudi Exchange’s website.
• The Saudi Exchange will facilitate a new session prior to the opening auction (pre-market) for only Negotiated Deals on STC on Sunday 12 December 2021.
• The Negotiated Deals session will allow Members related to the STC Secondary Public Offering to place Negotiated Deals only on STC (symbol: 7010).
• Usual market hours for all other listed securities will remain the same, where the opening auction will start at 09:30:00 AM.
• Negotiated Deals conducted prior to the opening auction (pre-market) for that day will be reflected on the Negotiated Deals page on the Saudi Exchange’s website.
Comments