Albabtain offering price range set at SR (68 – 77) per share

Yaqeen Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Abdulaziz and Mansour Ibrahim Albabtain Company (Albabtain Food) (the “Company” or “Albabtain Food”) announced on Sunday on behalf of Albabtain Food the offering price range and commencement of the Qualified Investors Book-Building Period as per the following details:
• The offering price range has been set at SR (68 – 77) per share (the “Price Range”).
• The offering is comprised of (544,000) ordinary shares representing 16% of the issued share capital of the Company to be sold by the current shareholders (the “Offer Shares”).
• The number of offer shares that will be allocated to qualified investors is (544,000) shares, representing 100% of the total number of offer shares.
• Each qualified investor who subscribes for the offer shares must apply for a minimum of (10) offer shares and a maximum of (169,990) offer shares.

• Bidding and book-building period for qualified investors: starts on 25 September 2022g and ends on 28 September 2022.