The process of building the order book for the segment of the categories participating in the shares of the Saudi Tadawul Group was completed successfully, and the final offer price was set at 105 Saudi riyals per share, with a coverage ratio of 121 times of the total offered shares.
According to Arab Net, this came according to the data of Al-Ahly Financial Company, in its capacity as the lead manager, the financial advisor, the director of the institutional subscription registry, the international coordinator and the underwriter, and JPMorgan Saudi Arabia and Citigroup Saudi Arabia as financial advisors, book managers, international coordinators and underwriters in the initial public offering. Possible Saudi Tadawul Group Holding.
The statement indicated that the process of building the order book has been successfully completed, while the individual subscription phase will start on Tuesday, November 30, 2021 and continue until Thursday, December 2, 2021, when allocating 10.80 million shares representing 30% of the total shares offered for public subscription to individual subscribers as a maximum.
The Saudi Tadawul Group had set an indicative price range for the initial public offering between 95 and 105 riyals per share.
Participation in order book building was limited to categories qualified to participate in the order book building process in accordance with the instructions for book building and allocating shares in initial offerings issued by the Board of the Capital Market Authority.
In the event that individual subscribers subscribe to all the Offer Shares allocated to them, the Subscription Record Manager has the right to reduce the number of shares allocated to the participating classes to 25.2 million Offer Shares - as a minimum - including It represents 70% of the total shares offered.
