Riyad November 8 2021: SNB Capital in its capacity as the Lead Manager, Financial Advisor, Global Coordinator and Underwriter, J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia in their capacity as Financial Advisors, Book-runners, Global Coordinators and Underwriters on the potential initial public offering of Saudi Tadawul Group Holding Company (“STG” or the “Company”) announce the Company’s intention to proceed with the initial public offering and listing of its ordinary shares (“Shares”) on the Main Market of the Saudi Exchange, where offering is expected to comprise a sale of existing shares and result in a free float of 30% of the Company’s share capital.
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The Saudi Exchange approved the Company’s application for the listing of the Shares on the Main Market on 21/09/ 2021G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 36,000,000 ordinary shares (representing 30% of the Company’s share capital) on 3 November 2021G. The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period.
