Alarabia Launches Retail Subscription for 10% of Its Shares, on Tuesday

Retail subscription will start today for as many as 1,500,000 shares, representing 10% of Arabian Contracting Services Company total shares offered for public subscription.

Offer price is set at SR100 per share and has been determined during the book building process.

Retail subscription period will last for 3-day period that will last by the end of 28/10/2021.

GIB, Financial Advisor, Lead Manager, Bookrunner and Underwriter of the offering of 30% of Arabian Contracting Services Company shares announced earlier the success of the book building process as the participating parties’ coverage was 126,6 times.

As a first stage, participating parties were allocated fifteen million (15,000,000) ordinary shares, representing 100% of the total shares offered for subscription.

For more information and review of the prospectus, please visit the websites of the Saudi Exchange at (www.saudiexchange.sa), Capital Market Authority (www.cma.org.sa), Arabian Contracting Services Company, at www.al-arabia.com, and at GIB Capital at www.gibcapital.com.