Abdullah Al-Othaim Al-Othaim Investment Company intends to offer part of its shares for the initial public offering and to list its ordinary shares in the main market of the Saudi Tadawul, where it is expected that the offering will include the sale of 30% of the company's shares.
According to Arabiya Net, Al-Othaim had obtained the approval of the Saudi Tadawul Group to request the listing of its shares on the main market on December 05, 2021, and had also obtained the approval of the Capital Market Authority on its request to offer 30 million ordinary shares representing 30% of the shares. The company's shares will be offered for public subscription on March 16, 2022.
The final offer price will be determined for all subscribers after the end of the order book building period.
The number of shares that will be allocated to the categories participating in the book building process is 30 million shares, representing 100% of the total offering shares, and the final allocation will take place after the individuals' subscription period ends.
