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Brief
| Company Status: | Listed |
| Business Activity: | The company provides fixed and mobile telephone services in Saudi Arabia and other countries via subsidiaries. |
| Current Capital: | 20,000.00 Million Riyal |
| Current No. of Shares (M) (M): |
IPO Facts
| Issue Type: | Secondary Offering |
| Status: | Listed |
| Exchange Market: | TASI |
| Sector: | Telecom & IT |
| Country: | Saudi Arabia |
| Offered Shares (M): | |
| Offered Percentage: | 6.00 % |
| Offer Price (Riyal): | 40.00 |
| Issue Volume (M Riyal): | 12,000.00 |
| Premium: | 90.00 Riyal |
| Available Shares (Individual): | |
| Minimum Subscription (Individuals): | |
| Maximum Subscription (Individuals): | - |
| Available Shares (Institutions): | 108.00 Million Shares |
| Minimum Subscription (Institutions): | 100.00 Thousand Shares |
| Maximum Subscription (Institutions): | - |
| Eligibility : | _ Participating Parties . _ Individual Investors . |
| Use of Proceeds: | Proceeds of the Offering will be distributed, (after deducting all expenses and costs in connection with the Offering amounting to 100 million Saudi Riyals) to the Selling Shareholder. The Company shall not receive any part of the Offering proceeds, except for reimbursement by the Selling Shareholder of the costs incurred by the Company in connection with the Offering . |
| Restrictions on Dealing in Shares: | _ the Selling Shareholder may not dispose of the Company’s shares for a period of twelve ( 12 ) months from the Closing Date, _ the Company may not issue or dispose of new shares for a period of six ( 6 ) months from the Closing Date . |
| Prospectus: | Downloads |
| : | - |
Key Dates
| Capital Market Authority Approval: | - |
| The minimum & maximum offering price: | 12/7/2021 |
| Subscription End Date: | 12/8/2021 |
| Allocation Date: | 12/10/2021 |
| Distribution Date: | 12/14/2021 |
| Listing Date: | 12/12/2021 |
Major Shareholders
| Name | No. of Shares | Holding | Value |
|---|---|---|---|
| Public Investment Fund | 3,200.00 | 64.00 % | 137,600.00 |
Advisors
| Lead Manager: | SNB Capital Company |
| Underwriter: | - |
| Financial Advisor: | Goldman Sachs Saudi Arabia Co., HSBC Saudi Arabia Co., Morgan Stanley Saudi Arabia Co., SNB Capital Company |
| Legal Advisor: | The Law Office of Megren M. Al-Shaalan , White & Case LLP , Salman M. Al-Sudairi Law Office - Latham & Watkins LLP, Abu Himed Al Sheikh Al Hagabani Co. |
| Auditor: | Ernst & Young Professional Services Co |
| Receiving Bank: | Al Rajhi Bank, Riyad Bank, The Saudi National Bank |
IPO results
| Proceeds: | - |
| Subscription Percentage: | - |
| No. of Subscribers: | more than 231 thousand subscribers |
| Allocation: | 10 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around ( 84.11 % ) on average . |
Chart - Saudi Telecom Co.
Share Performance
| Last Price: | 43.00 |
| Change: | 0.70 % |
| Market Cap (M): | 216,500.00 |
| Turnover: | 144,479,029.00 |
| Transactions: | 5,681.00 |
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