Choosing Price Range from SR90 to SR100 per Share

On behalf of the firm, GIB Capital, in its function as institutional registry manager for the Arab Technical Contracting Company “Al Arabiya” initial public offering, announced the price range for its planned offering and the start of the book-building process as follows:

• The offering’s price range has been set at SR90 to SR100 per share (the “Price Range”).
• The offering procedure is represented by the shareholders Abdulelah Abdulrahman Al-Khuraiji and the Engineer Group Holding Company selling 15,000,000 ordinary shares of the company’s shares, representing 30% of the company’s capital.
• Each category of participation has a minimum number of shares that can be subscribed to of 100,000 ordinary shares and a maximum number of shares that can be subscribed to of 2,499,999 ordinary shares.
• The allotment of shares in initial subscriptions issued by the Board of the Capital Market Authority is limited to categories that are eligible to participate in the book building process.
• The price of the offering will be determined for public subscription after the completion of the book building process, followed by the retail subscription process, where 1,500,000 shares representing 10% of the total shares offered for public subscription will be offered to individual subscribers.
• The process of creating the order book for the participating categories begins on Sunday, October 10th, 2021, and finishes at 12 p.m. on Tuesday, October 19th, 2021.