PIF Announces the Successful Completion of the Sale of 12 Million Shares of Saudi Tadawul Group Holding Company

  • 2/5/2023
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Riyadh, Nov. 13, 2022, SPA -- PIF successfully sold 12,000,000 shares of its shareholding in Saudi Tadawul Group Holding Company representing 10% of the company’s share capitalthrough an Accelerated Bookbuild Offering to institutional investorsThe offering size was SAR 2.3 billion, making it the second largest Accelerated Bookbuild Offering to ever take place in the Saudi market and the GCC regionPost the sale, PIF’s ownership became 60% of Saudi Tadawul Group Holding Company’s share capitalThe sale is in line with PIF’s strategy to recycle its capital and invest in emerging and promising sectors in the local economy Riyadh, Saudi Arabia - November 13, 2022- The Public Investment Fund (“PIF” or the “Fund”) announced the successful completion of the sale of part of its stake in Saudi Tadawul Group Holding Company (“Tadawul” or the “Company”) through an Accelerated Bookbuild Offering (“ABO”). PIF successfully sold 12,000,000 shares of its shareholding in Tadawul representing 10% of the Company’s share capital. The offering size was SAR 2.3 billion, making it the second largest ABO to ever take place in the Saudi market and the GCC region. PIF’s remaining stake equates to 72,000,000 shares or 60% of the Company’s share capital. Eyas AlDossari, Head of Investment Advisory in the MENA Investments Division at PIF, said: “This transaction is in line with PIF’s strategy to recycle the Fund’s capital and invest in emerging and promising sectors in the local economy. The strong interest generated from domestic and international investors is indicative of Saudi Tadawul Group Holding Company’s ability to attract a broad base of investors as one of the leading companies listed on the Saudi Exchange.” The success of this transaction is a testament to the attractiveness of the Saudi capital market and demonstrates investors’ confidence in the strength of the Saudi economy. The transaction also contributes to increasing the Company’s free float, enhancing the liquidity of the market for both local and international investors and is expected to contribute to the value creation for the Company’s shareholders and for the Saudi market as a whole. --SPA 10:24 LOCAL TIME 07:24 GMT 0008 www.spa.gov.sa/w1812533

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