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The Offering’s final price will be set after the bookbuilding is complete.
The shares will be listed on the Saudi Stock Exchange (Tadawul).
Subscription to the Offer Shares is restricted to the following two groups of investors: (1) Participating Parties (any investor who is approved by the CMA) and (2) Individual Investors (Saudi Arabian nationals, GCC nationals and foreign residents in Saudi Arabia, with an active bank account or investments portfolio with one of the participating banks), are eligible to subscribe to the Offering.
You may direct your IPO-related enquiries to the Receiving Banks, and we also recommend directing your investment-related questions to your financial advisor or bank.
Details for the Receiving Banks are:
- National Commercial Bank firstname.lastname@example.org
- Al Rajhi Bank email@example.com
There will be no implementation of a lock-up period or restrictions on sale of your shares following listing.
If there is over-subscription, Individual Investors will get a refund.
Refunds of excess subscriptions will be carried out by National Commercial Bank and Al Rajhi Bank (as the Receiving Agents) no later than 21 July 2020 without any charges.
All applications during the offer period will be treated, and allocated, equally.