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SNB announced
10,020,000 representing 10% of shares of STC Secondary IPO, Announced
| SNB Capital in its capacity as the lead manager and Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia and SNB Capital are acting as Joint Financial Advisors for STC and Joint Global Coordinators for STC and PIF and together with Citigroup Saudi Arabia and Credit Suisse Saudi Arabia as Joint Bookrunners (the “JBR”) announce the launch of a secondary public offering in STC shares (the “Offering”).
The Offering comprises a fully marketed secondary offering of 100,200,000 shares in STC, representing 5.01% of STC’s shares. It should be noted that the number of shares to be allocated to retail investors is 10,020,000 representing 10% of the Offer Shares, subject to receiving sufficient demand from retail investors |
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