Logo of Saudi Tadawul Group


Saudi Tadawul Group Holding Co. increased the optimum variety of the shares assigned to retail customers in its scheduled going public( IPO) to1080 million shares, or30%of the overall deal shares, according to its extra prospectus released today, Nov. 9.



The business previously revealed assigning 3.6 million shares to specific customers, or 10%of the overall deal size.



The choice comes as part of Saudi Tadawul Group’s efforts to make it possible for greater involvement from private customers in the Offering and supply access to financial investment chances.



CEO Khalid Al Hussan commented: ” Our objective is to supply a sufficient chance to all kind of financiers in the Saudi equity market to take part in the offering. Private financiers’ need has actually been high, as seen throughout current IPOs in Saudi Arabia, and we wished to take this momentum to motivate variety in our shareholding structure post listing.”



” Individual financiers have actually constantly been at the centre of our tactical efforts at Saudi Tadawul Group. We have actually constantly focused in supplying kind of financiers with appealing and varied financial investment chances, producing a well balanced financial investment environment that supports the goals of private financiers, who comprise a big trading sector on the Saudi Exchange,” he included.



On 3 November2021, the Capital Market Authority (CMA) authorized the business’s application for IPO of 36 million normal Shares, which represent 30%of the business’s released share capital, by method of sale of existing shares by the Public Investment Fund (PIF or Selling Shareholder). The last deal cost of the deal shares will be identified at the end of the bookbuilding duration.




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Company Profile

Company

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Saudi Tadawul Group Holding

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Market

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Saudi Exchange( Tadawul )

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Core Activities

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A holding group that consists of 4 subsidiaries, specifically the Saudi Exchange( Tadawul), Securities Clearing Center( Muqassa), Securities Depository Center( Edaa) and Wamid.

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Capital

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SAR1200 mln

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Number of shares

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120 mln shares

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Qualified customers

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IPO Summary

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Offer portion(%)

30%


Number of shares used

36mln shares

Participating classifications that consist of mutual fund, QFIs, legal entities and GCC financiers( the monetary consultants, in coordination with the business, will can decrease the variety of deal shares assigned to getting involved celebrations to )
.2 million shares, or70 %of the deal shares).

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Retail
customers( An optimum of108 million shares, which represent30 %of the deal shares will be designated to Individual Subscribers) .

IPO minimum limitation for private customers

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10 shares

IPO minimum size for institutional customers

100,000 shares

IPO optimum size for private customers

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250,000 shares

IPO optimum size for institutional customers

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5. 999 mln shares

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Registering demands duration

Book structure duration

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6 days beginning with Nov.21,2021

Retail membership duration

3 days from Nov.30 to Dec. 2,2021

Final (
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Not behind Dec. 6, 2021

Surplus refunds

Dec. 08, 2021

Special Information

Lead Manager

SNB Capital

Financial Advisors, Bookrunners, Joint Global Coordinators and Underwriters

SNB Capital, JP Morgan Saudi Arabia and Citigroup Saudi Arabia

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