Retail subscription to 10% of Al Arabia starts tomorrow

Logo of Arabian Contracting Services Co. (Al Arabia)

Retail subscription will start tomorrow for one million (1,500,000) shares, representing 10% of Arabian Contracting Services Company total shares offered for public subscription. The offer price is set at 100 Saudi Riyals per share and has been determined during the book building process. The retail subscription period will last for three days period that will end by the end of 22/03/1433, corresponding to 28/10/2021.

GIB, Financial Advisor, Lead Manager, Bookrunner and Underwriter of the offering of 30% of Arabian Contracting Services Company shares announced earlier the success of the book building process as the participating parties’ coverage was 126,6 times. As a first stage, participating parties were allocated fifteen million (15,000,000) ordinary shares, representing 100% of the total shares offered for subscription.

For more information and review of the prospectus, please visit the websites of the Saudi Exchange at (www.saudiexchange.sa), Capital Market Authority (www.cma.org.sa), Arabian Contracting Services Company, at www.al-arabia.com, and at GIB Capital at www.gibcapital.com.

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