PIF to sell 12 mln shares of its stake in Tadawul

HSBC Saudi Arabia and Morgan Stanley Saudi Arabia, acting as Global Joint Coordinators for the Public Investment Fund (the “Fund” or “Selling Shareholder”) and together with Al Rajhi Capital as Institutional Bookrunners, announced the commencement of the accelerated book building process (“the Offering”) for the sale of a portion From the fund’s stake in the Saudi Tadawul Group Holding Company (“Tadawul”). The Fund intends to sell 12,000,000 shares in the Saudi Tadawul Group Holding Company, representing 10% of the company’s total capital (“Offering Shares”) to the institutional investors category.