Price Range for Elm IPO’s Share, set at SR113-128

Riyad Capital, in its capacity as the financial advisor, director of the institutional subscription book, and the underwriter in the initial public offering of Elm company, determined to set the share’s price range for the offering of Elm company at SR113-218, and to start of the book building process for the institutional segment, as follows:

The price range has been determined to range from (SR113) to (SR128) per share..

The period of the order book building process for the institutions segment, shall begin on Sunday, January 23, 2022 and to end at (3) pm on Friday, January 28, 2022.

The offering process represents the offering of twenty-four million (24,000,000) shares of the company’s shares, stand for 30% of the issued capital of the company, as per the current shareholders’ selling of their existing shares of the company.

The minimum number of shares that can be subscribed to for the participating classes is one hundred thousand (SR100,000) shares, while the maximum is three million nine hundred and ninety-nine thousand nine hundred and ninety-nine (SR3,999,999) shares.

Participation in order book building is limited to categories qualified to participate in the order book building process, in accordance with the instructions for book building and allocating shares, in the initial subscriptions issued by the Board of the Capital Market Authority.

The price of the offering will be determined for public subscription after the completion of the process of building the order book, to be followed by the process of subscribing to the individual segment.

Final allotment shall take place after the end of the individual subscription period. In the case that individuals subscribe to the entire offer shares allocated to them, which are seven million two hundred thousand (SR7,200,000) shares, representing 30% of the offering shares, the subscription record manager has the right to reduce the number of shares allocated to the participating classes to sixteen million and eight hundred thousand (SR16,800,000) shares offering to a minimum at 70% of the total shares offered.

For more information, and to view the prospectus, please visit:

The website of the Capital Market Authority https://cma.org.sa/Market/Prospectuses/Documents/Elm-Company-(Red%20Herring%20Prospectus)-en.pdf

And the company’s website

https://www.elm.sa/en/ipo/Pages/default.aspx

The website of the financial advisor

https://www.riyadcapital.com/ar/Images/ELM%20%20Prospectus%20Ar_tcm9-27807.