Announcement of the final price for the initial public offering of Arabian Drilling Company
HSBC Saudi Arabia, Goldman Sachs Saudi Arabia, and SNB Capital in their capacity as Joint Financial Advisors, Bookrunners, and Underwriters on the potential initial public offering of Arabian Drilling Company (“ADC” or the “Company”) announces on behalf of the Company the successful completion of the bookbuilding process for the Participating Parties tranche and the setting of the final offer price at SAR (100) per share with an approximate coverage of (61x) of the total offer shares.
The Individual Investors tranche subscription process will commence on Tuesday the 18th of October and ends on Wednesday the 19th of October at 5:00 pm KSA time. A maximum of (2,670,000) Offer Shares, representing 10% of the total Offer Shares, will be allocated to Individual Investors.
For more information and for the prospectus, please visit the Capital Market Authority website (www.cma.org.sa), and Arabian Drilling website (https://www.arabdrill.com/ipo/).
Date: 16 October 2022