Nat West Markets and Banco Santander sold a 1.5% stake in SABB for $ 200 million.
According to Arabiya Net, 31 million shares were sold at 24.24 riyals per share, with a 9.7% discount on its last trading price of 26.85 riyals yesterday.
Citigroup and Goldman Sachs Saudi Arabia acted as lead book managers and brokers in the process of building an expedited order book to sell the stake to the ultimate investors.
an indication that the buying and selling of shares will be carried out with each investor allocated to him through private deals during today's trading session.
According to the terms of the deal, Nat West Markets and Santander Bank undertake not to dispose of any remaining shares they own in the company for a period of no less than 90 days.
(Amazon fun knowledge)
