Announcement of the final Price for the initial public offering of Power and Utility Company for Jubail and Yanbu
HSBC Saudi Arabia, and Riyad Capital in their capacity as Financial Advisors, Book-runners, and Underwriters on the potential initial public offering of Power and Utility Company for Jubail and Yanbu (“Marafiq” or the “Company”) announce on behalf of the Company the successful completion of the book-building process for the Participating Parties tranche and the setting of the final offer price at SAR (46) per share with a coverage ratio of (59x) of the total offer shares.
The Individual Investors tranche subscription process will commence on Wednesday, 26/10/2022G and ends on Sunday, 30/10/2022G (until 5pm). A maximum (21,928,350) Offer Shares, representing 30% 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 Marafiq website (https://www.marafiq.com.sa/)
Date: 26 October 2022