Logo of solutions by stc

Arabian Internet and Communications Services Co. (solutions by stc) set the initial public offering (IPO) price range between SAR 136 and SAR 151 per share.

In a statement, the company indicated that the final price will be determined after completing the book building process.

The Capital Market Authority (CMA) approved a request of solutions by stc to float 24 million shares, or 20% of its share capital, reaching 120 million shares, Argaam earlier reported. 

The book building will end on Sept. 13, while retail subscription will last three days, starting Sept. 19.

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