Saudi Tadawul Group Sets Price Range for the Offering between SAR 95 and SAR 105 Per Share

  • 2/5/2023
  • 03:16
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Riyadh, November 21, 2021, SPA -- Saudi Tadawul Group Holding Company (Saudi Tadawul Group) has announced the price range for the Offering, as well as the commencement of the Participating Parties book-building period. The price range for the Offering has been set between SAR 95 and SAR 105 per share (the Price Range). The Offering is comprised of a sale of 36,000,000 ordinary shares, representing 30% of Saudi Tadawul Group’s issued share capital, by the Selling Shareholder. Saudi Tadawul Group stated that the minimum number of Offer shares to be applied for by the Participating Parties is 100,000 shares, while the maximum number of shares is 5,999,999 shares. The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process. The number of Offer Shares to be provisionally allocated to Participating Parties is 36,000,000 Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Investors. In the event that Individual Subscribers subscribe for all the Offer Shares allocated thereto, the Bookrunners shall have the right to reduce the number of shares allocated to Participating Parties to a minimum of 25,200,000 Offer Shares, representing 70% of the total Offer Shares. Bidding and book-building period for Participating Parties starts on 21 November 2021 and ends on 26 November 2021, Saudi Tadawul Group announced. --SPA 13:58 LOCAL TIME 10:58 GMT 0013 www.spa.gov.sa/w1654082

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