The price of the secondary public offering of “STC” was set...

The price of the secondary public offering of “STC” was set...
The price of the secondary public offering of “STC” was set...

The Saudi Public Investment Fund announced and stc The final price of the secondary public offering shares is 100 riyals, for individuals and institutions, after completing the process of building the order book by the institutions.

In a statement posted on the Saudi market website, NCB Capital in its capacity as lead manager, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia, NCB Capital, Citigroup Saudi Arabia and Credit Suisse Saudi Arabia as bookrunners for the institutional offering, said that the final offer price Equivalent to a discount of 9.1% compared to the closing price of the stock on Thursday, December 9, 2021.

The entire shares allocated to individuals were covered during the subscription period, which represented 12 million shares, representing 10% of the total shares, with the participation of more than 231,000 individual subscribers.

The entire offered shares will be allocated to individuals, with a minimum of 10 shares for each individual subscriber included in the subscription application, while the remaining shares will be allocated on a pro-rata basis based on the volume of each subscriber’s request to the total remaining shares required to be subscribed, with an allocation ratio of about 84.11%.

The remaining 108 million shares of the Offering will be allocated to institutional investors in consultation with the institutional bookrunners.

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