Final Price for Solutions by STC IPO Set, at SR151 per Share

HSBC Saudi Arabia, SNB Capital, and Morgan Stanley Saudi Arabia in their capacity as Financial Advisors, Book-runners, and Underwriters on the potential initial public offering of the Arabian Internet and Communications Services company (“solutions by stc”) or the “company”) announced on behalf of the company, the successful completion of the book-building process for the participating parties tranche and the setting of the final offer price, at SR151 per share, with a coverage ratio of 13003% of the total offer shares.

Individual investors tranche subscription process will commence on Sunday, 19/09/2021G and ends on Tuesday, 21/09/2021G.

A maximum of 2,400,000 offer shares, representing 10% of the total offer shares, will be allocated to individual investors.