Logo of Arabian Internet and Communications Services Co. (solutions by stc)

Retail subscription to 2.4 million shares of Arabian Internet and Communications Services Co. (solutions by stc), at SAR 151 a share, ends today, Sept. 21.

 

The three-day offer period started Sept. 19.

 

On June 28, the Capital Market Authority (CMA) approved the company's request to offer a 20% stake, or 24 million shares, in an initial public offering (IPO). It allocated 90% of the total offered shares to institutional investors, while the remaining 10% was allocated to retail subscribers.

 

The book-building process was completed last week, with a coverage ratio of 13,003%.

 

Company Profile

Company

Arabian Internet and Communications Services Co. (solutions by stc)

Market

Saudi Exchange (Tadawul)

Core Activities

IT services for business sector

Capital

SAR 1.2 bln
 

IPO Summary

Issue Percentage

20%

Number of Shares Offered to Individual Investors

2.4 mln, or 10% of the 24 million total offered shares

Issue Price

SAR 151 a share

Qualified Subscribers

- Participating categories that include investment funds, qualified foreign investors (QFIs), and GCC legal persons.

- Individual investors

IPO Minimum Limit for Individual Investors

10 shares

IPO Maximum Limit for Individual Investors

600,000 shares

Retail Offering Period (3 days)

Sept. 19 – Sept. 21

Final Allotment

Sept. 27, 2021

Surplus Refunds

Sept. 29, 2021

 For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Retail subscription to solutions by stc starts today

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request