Arabian Contracting Services sets final offer price at SR 100 per share

On behalf of Arabian Contracting Services Company (“Al Arabia” or the “Company”), GIB Capital, in its capacity as the financial advisor, Book-runner and lead underwriter for the initial public offering (the “Offering”), announced on Thursday  the completion of the book-building process for the participating parties tranche.

“The company successfully set the final offer price at (SAR 100) per share, and coverage amounted to 126.6 times the volume of offered shares.  The volume of requests from the participating parties reached a total of approximately SAR 189.9 billion.” it said.

The Individual Investors tranche subscription process will commence on Tuesday, 26/10/2021 and ends on Thursday, 28/10/2021.

A maximum (1,500,000) Offer Shares, representing 10% of the total Offer Shares, will be allocated to Individual Investor.