Solutions by STC Institutional Subscription Coverage Ratio Flying into Record 13,003%

HSBC Saudi Arabia, NCB Capital, and Morgan Stanley Saudi Arabia, in their capacity as financial advisors, bookrunners, and underwriters for Al Arabia Internet and Communications Services (or “solutions by STC”) announced: We have, successfully, completed the process of building the order book for the category of participating classes, in the company’s initial public offering (IPO) With a coverage rate of (13003%) of the total available shares.

After the order book building process is completed, the retail subscription phase will begin on Sunday 09/19/2021 and run until Tuesday 09/21/2021, with a maximum allocation of 2,400,000 ordinary shares representing 10% of the total shares offered for public subscription to individual subscribers.

For more information, and to view the prospectus, please visit the website of the Capital Market Authority (www.cma.org.sa) and the company’s website (https://solutions.com.sa/ipo)