Saudi Home Loans book-building process begins today, price range set at SAR 17-20/share

15/03/2022 Argaam
Logo of Saudi Home Loans Co. (SHL)

Logo of Saudi Home Loans Co. (SHL)


Riyad Capital, the financial advisor, bookrunner, lead manager, and underwriter on the potential initial public offering (IPO) of Saudi Home Loans Co. (SHL), announced that the book-building process for institutional investors will run from today, March 15 through March 21.

 

The price range was set at SAR 17-20.

 

Participation in the book-building is limited to the qualified categories in accordance with the book-building and share allocation instructions of the Capital Market Authority (CMA).

 

The final offer price will be set after the completion of the book-building process.

 

The total number of shares allocated for participating categories is 30 million, or 100% of the total offered shares. The final allotment will be after the end of the retail subscription.

 

The retail subscription period will begin on March 27 and end on March 29.

 

The minimum number of shares to which participating categories can subscribe to is 100,000 per category, while the maximum is 4.99 million.

 

For more information and review of the prospectus, please visit the websites of the Capital Market Authority (www.cma.org.sa), and Riyad Capital (www.riyadcapital.com)

 

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