Logo of Arabian Internet and Communications Services Co. (solutions by stc)
Retail investors start, today, Sept. 19, subscription to 2.4 million shares of Arabian Internet and Communications Services Co. (solutions by stc), at SAR 151 a share.
The price was determined through book-building process.
Last week, the company completed the book-building process and set the initial public offering (IPO) price for institutional investors category. The institutional offering was 13,003% oversubscribed.
The list of the receiving banks for the IPO includes Saudi British Bank (SABB), Saudi National Bank (SNB), Al Rajhi Bank, Riyad Bank, Alinma Bank and Bank Albilad.
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