The price range of the offer is between 136 and 151 riyals

Saudi internet services and communications company “solutions by stc”, along with financial advisers HSBC Saudi Arabia, Morgan Stanley Saudi Arabia and Al-Ahly Financial Company, announced today, Sunday, the price range of the offered shares in its public offer and the start of an order registration period for organizations.

The price range of the offered shares has been determined from 136 Saudi riyals to 151 Saudi riyals per share.

Today, Sunday, the registration of applications for the participating categories “institutions” and the process of building an order book, which extends over 9 days until September 13, provided that the subscription to the offer period for individuals is for a period of 3 days, from September 19.

The company is offering 24 million shares, representing 20% ​​of its capital, and the number of offering shares that will be initially allocated to the participating classes is 24 million shares, provided that the final allocation takes place after the end of the individual subscription period. .

In the event that individual subscribers subscribe to all of the offering shares allocated to them, the managers of the subscription register have the right to reduce the number of shares allocated to the participating classes to 21.6 million shares of offer, as a minimum, which represents 90% of the total offer shares.

Tranche (B) is made up of individual subscribers, and this segment includes Saudi natural persons in addition to any resident non-Saudi natural person or Gulf investors with natural personality who have a bank account with one of them. receiving entities, and they have the right to open an investment account.

On June 28, 2021, solutions by stc obtained the approval of the Capital Markets Authority to request the initial public offer of 24 million shares, which represents 20% of the company’s capital, by selling the shares existing by Saudi Telecom Company “stc”. , and Telecom for Commercial Investment Ltd. (a subsidiary of the Saudi Telecom Company). The final price of the Offered Shares will be determined at the end of the accounting book maintenance period.