STC’s Final Price Fetches SR100 per Share

Completion of the book-building process for the institutional tranche, in the secondary public offering of the stc’s shares and the final offer price of SR100 per share, have been announced.

Saudi National Bank affiliate (SNB Capital), in its capacity as the lead manager, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia, Citigroup Saudi Arabia and Credit Suisse Saudi Arabia, as joint bookrunners to the Saudi Telecom Company and Public Investment Fund (PIF), were the announcers.

Noteworthy that the Capital Market Authority (CMA) as well as the Saudi Stock Exchange (Tadawul) have announced taking no responsibility for the contents of such a disclosure.