MARAFIQ to list 29.24% of shares in Tadawul ‎

HSBC Saudi Arabia and Riyad Capital, in their capacity as financial advisors, bookrunners and underwriters for the potential initial public offering of MARAFIQ (The Power and Utility company for Jubail a& Yanbu), announced the company’s intention to offer its shares for an initial public offering and to list its ordinary shares in the market The main stock of the Saudi Tadawul, where it is expected that the offering will include the sale of 29.24% of the company’s shares.

The company obtained the approval of the Saudi Tadawul to list its shares on the main market on August 24, 2022 AD, and obtained the approval of the Capital Market Authority on its request to offer 73,094,500 ordinary shares (representing 29.24% of its shares for public subscription on September 26, 2022 AD.) The final offer price for all subscribers after the end of the order book building period.