Sadirat: Total New Offered Shares Coverage Percentage is 89.34%

The Saudi Industrial Export Company announces the results of trading priority rights and subscribing to new shares and details of the process of selling shares that were not subscribed for. Number of shares which were subscribed to are (15,438,395) out of the total number of shares (17,280,000). Value of the Subscribed Shares is SR 154,383,950, while the coverage percentage of total new offered shares is 89.34%.

Rump Shares will be offered to several institutional investors, provided that those Institutional submit purchase offers for the rump Shares, which shall be allocated to institutional investors by giving priority to the highest bid, then the lowest and the lowest (provided that it is not less than the offering price), with shares being allocated on a proportionately basis among those institutional Investors that have tendered offers at the same price. In the event shares remain unpurchased by institutional investors, then those shares shall be allocated to the underwriter who will purchase them at the offering price.

The Rump Offering Period for the unsubscribed shares amounting to (1,841,605) shares, shall start at 10:00 am on Tuesday 08/11/1443H, (corresponding to 07/06/2022G) and continue until the following day at 05:00 pm on Wednesday 09/11/1443H, (corresponding to 08/06/2022G).