IPO of Group Five Pipe Saudi Covered by 1207.77%

Aldukheil Financial Group “AFG”, as Financial Advisor for the Initial Public Offering of Group Five Pipes Saudi Company (“the Company”) on the Parallel Market “Nomu”, announced on Monday that the Initial Public Offering of Group Five Pipes Saudi Company (G5PS) has been concluded, and the offering for the total of (2,800,000) ordinary shares representing (10%) of the Company’s shares (“the Offering”) was fully subscribed.

The coverage was (1207.77%) of the total shares offered during the subscription period from Sunday 14/11/2021 until Thursday 18/11/2021.

Aldukheil Financial Group “AFG”, as Financial Advisor will finalize the required procedures with the Saudi Stock Exchange “Tadawul” and then determine the date for listing of the shares of Group Five Pipes Saudi Company on the Parallel Market “Nomu”.

Information and details regarding the Offering are available in the prospectus of the Company on the website of CMA (www.cma.org.sa) and the website of the Financial Advisor (aldukheil.com.sa) and the website of the Company (www.g5ps.com).