East Integrated Pipeline IPO’s Price per Shares, set at SR80

SNB Capital, in its capacity, as the financial advisor, bookrunner, and underwriter in the initial public offering of the East Integrated Pipeline Company for Industry, announced completion of the book building process for the participating classes, in the company’s shares and setting the final price, at SR80 per share, with a coverage ratio of 71.8 times of the total shares offered.

With the successful completion of the order book building process, the individual subscription phase will start on Monday 24/01/2022 and will continue until Tuesday 25/01/2022, where 630,000 ordinary shares representing 10% of the total shares offered for subscription, have been allocated as the maximum for individual subscribers.

For more information about the prospectus, please visit the website of the Capital Market Authority (www.cma.org.sa)