Individual subscription to 2.4 million shares of the Arab Internet Services Company in Saudi Arabia begins

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Riyadh – DB


Posted on: Sunday, September 19, 2021 – 11:32 AM | Last update: Sunday, September 19, 2021 – 11:32 AM

Today, Sunday, the process of individual subscriptions to about 2.4 million shares of the Arab Company for Internet and Communications Services “solutions by stc” began in Saudi Arabia.

The company has set 3 days for individual subscription, starting from today and continuing until the day after tomorrow, Tuesday.

Last Monday, the process of building the order book for the institutional segment of the company’s subscription ended, and the final offer price was set at 151 riyals per share, with a coverage rate of 13003% of the total offered shares.

Based on the percentage of institutions’ coverage of the Arab Company for Internet and Communications Services, the collected funds amounted to 471.1 billion riyals.

On June 28, the Capital Market Authority approved the company’s request to offer 24 million shares for public subscription, representing 20% ​​of its shares, 90% of which were allocated to subscribed financial institutions and 10% to individuals.







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