563 private deals executed on on stc Group worth 3.9 billion riyals

Today, Thursday, November 14, 2024, 563 private deals were executed on 100 million shares of stc Group at a price of 38.60 riyals per share, with a total value of about 3.86 million riyals.

The volume of private deals represented about 2% of stc shares, amounting to 5 billion shares. Goldman Sachs Saudi Arabia and AlAhli Financial Company, as joint global coordinators and institutional subscription book managers for the Public Investment Fund, announced the launch of the accelerated order book building process to sell part of the fund’s stake in stc. The offering consists of approximately 100 million shares, representing approximately 2.0% of the issued capital of Saudi Telecom Company, to institutional investors. The fund’s new ownership in the group will become 62%. The Saudi Stock Exchange (Tadawul) announced that based on the announcement of AlAhli Capital, as a joint global coordinator and bookrunner for the accelerated book building process for the sale of a portion of the Public Investment Fund’s stake in Saudi Telecom Company, entitled “Announcement regarding the launch of the accelerated book building process for the sale of a portion of the Public Investment Fund’s stake in Saudi Telecom Company” published on the Saudi Stock Exchange website, and regarding the categories of institutions participating through negotiated deals (“deals”) on Thursday, 12 Jumada Al-Awwal 1446 AH corresponding to November 14, 2024 AD, these deals will be carried out as is currently practiced within the framework of negotiated deals, taking into account the following:

The market will facilitate this process by activating a session before the opening auction specifically for negotiated deals only for Saudi Telecom Company shares for Thursday, 12 Jumada Al-Awwal 1446 AH corresponding to November 14, 2024 AD.

The negotiated deals will be made available only to market members participating in the process by submitting negotiated deals only for Saudi Telecom Company (Tadawul symbol: 7010).

Normal market hours will continue for all listed securities, with the opening auction at 09:30:00 AM. Negotiated trades executed in the new session prior to the opening auction on Thursday, 12 Jumada Al-Awwal 1446 AH corresponding to 14 November 2024 AD will be reflected in the “Negotiated Trades” page on the Saudi Stock Exchange website.