Riyadh - The Saudi Tadawul Holding Group, “the Saudi Tadawul Group”, announced the determination of the price range of the offering and the start of the process of building the order book for the segment of the participating classes, where the price range of the offering shares was set between 95 riyals and 105 riyals per share.

The company explained that the offering process consists of offering (36) million ordinary shares of the company’s shares, which represents 30% of the company’s issued capital, by selling the existing shares by the current shareholder of the company.

It stated that the minimum number of shares that can be subscribed to for the participating classes is (100) thousand shares, while the maximum is (5,999,999) shares.

The company indicated that the price of the offering will be determined for public subscription after the completion of the book building process, to be followed by the subscription process for the individual subscribers segment. Provided that the final allotment takes place after the end of the individual subscription period.

She emphasized that in the event that individual subscribers subscribe to all the offering shares allocated to them, the subscription record manager has the right to reduce the number of shares allocated to the participating classes to (25,200,000) offering shares - as a minimum - representing 70% of the total offering shares.

And the “Saudi Tadawul Group” indicated that the period of the process of building the order book for the institutions segment begins on November 21, 2021 AD and ends on November 26, 2021 AD.