STC’s Solution Subscription Price, Determined to Range from SR136 to SR151, per Share

STC Solutions, a company responsible for telecommunications and information technology services, in Saudi Arabia, gathered with financial advisors (HSBC Saudi Arabia, Morgan Stanley Saudi Arabia, and NCB Capital) to clarify the price range of the shares’ public offering, announced for the stock price.

The approved registration prospectus containing all details about the initial public offering, has been released.

The offering shares have a price range from SR136 to SR151, per share.

STC Solutions received authorization from the Capital Market Authority on June 28, 2021, to request an initial public offering of as much as 24 million shares (The Offering Shares).

This is equal to 20% of the company’s total capital. The Saudi Telecom Company “STC” and the Telecom Company for Commercial Investment Limited, a subsidiary of the Saudi Telecom Company, and the Selling Shareholders shall do so by selling existing shares.

The ultimate price of an offered share shall be decided, at the completion of the book-building period.

Offering details: The Price Range is as set forth.

The initial public offering (the Offering) is comprised of a total of twenty-four million (24,000,000) ordinary shares (the Offering Shares).

The offered shares account for 20% of the company’s total capital.

HSBC Saudi Arabia, Morgan Stanley Saudi Arabia, and Al-Ahly Capital have been appointed as financial advisers and bookrunners for the offering, as well as underwriters (collectively referred to as “Book Managers” or “Financial Advisers”).

The company has also appointed HSBC Saudi Arabia as its lead manager, in terms of the offering.

The Saudi British Bank (SABB), Saudi National Bank, Al Rajhi Bank, Riyad Bank, Alinma Bank and Bank Albilad have also been designated as the Receiving Parties (together referred to as the “Receiving Parties”) in relation to the individual registrant tranche.

The Saudi Tadawul and the Capital Market Authority gave their approvals for the company’s shares, to be offered and listed as follows: The offering shares are only available to two types of investors (hence referred to as “investors”):

Offering Timetable

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