HSBC Saudi Arabia Announces the final Price for the initial public offering of SAL Saudi Logistics Services Company
HSBC Saudi Arabia in its capacity as Sole Financial Advisor, Bookrunner, Global Coordinator, Lead Manager, and Underwriter on the potential initial public offering of SAL Saudi Logistics Services Company (“SAL” or the “Company”) announces 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 as SAR (106) per share with a coverage of c.72x of the total offer shares.
The Individual investor tranche subscription process will commence on Wednesday 11th October and ends on Friday 13th October 11:59PM. A maximum of (2,400,000) 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 SAL’s website (https://sal.sa/en/ipo).
Date: 5 October 2023