Money and business

“Saudi Al -Olayan” is subscribed to 4.68 million shares by offering “finance knowledge”

HSBC, Saudi Arabia, on behalf of Dray Al Malian, announced, in its capacity as the financial advisor, director of subscription record, coverage contractor, and subscription manager in the first public offering of the company, the company concludes a binding pledge with the Saudi Olayan Investment Company Ltd. The proposal at the price of the offering represents about 1.88% of the company’s capital after the offering, and publish the supplementary issuance bulletin accordingly.
In a statement, the company noted the trading of Saudi Arabia by determining the price range between (27.0 – 30.0) riyals per share.
The initial public offering process is (49,947,039) ordinary shares, representing 20.0% of the company’s capital.
The minimum number of shares can be subscribed to the participating groups is 100,000, while the maximum is (12,486,759) shares.
Participation is limited to the process of building the orders record on the qualified groups to participate in the process of building a command record in accordance with the instructions for building the orders and allocating shares in the initial subscriptions issued by the Capital Market Authority Council.
She stated that the offering price for public subscription after the completion of the process of building the command record was followed to be followed by the individual segment subscription process.
The number of offering shares that will be allocated initially to the participating groups is (49,947,039) shares offered, representing 100 % of the total offering shares, provided that the final allocation is after the end of the individual subscription period.
In the event of sufficient demand by individual subscribers, the subscription manager has the right to reduce the number of offering shares allocated to the participating groups to (44,952,335) shares as a minimum, representing 90% of the offering shares. Provided that this reduction is not applied to the main investor and that the final allocation of the main investor is (4,687,500) shares of the offering shares in all cases and accordingly.
She noted the allocation of (40,264,835) shares of the offering shares for the participating groups without the offering shares allocated to the main shareholders and individual subscribers.
It stated that the number and proportion of the offering shares that will be allocated to the participating categories by the financial advisor, in consultation with the company, using the optional allocation mechanism. It is possible not to allocate any shares to some of the participating groups, as the company and the financial advisor see.
The period of building the command record for the institutions segment began on Sunday, February 2, 2025 AD until 2:00 pm Saudi time from Sunday, February 9, 2025 AD.

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