PIF’s book-building for 10% stake sale in Tadawul Group completed, final offer price set at SAR 191/share

Logo of Saudi Tadawul Group

The Public Investment Fund (PIF) announced today, Nov. 11 the successful completion of the book-building process for institutional investors regarding the sale of a 10% stake in Saudi Tadawul Group Holding Co.

The final offer price was set at SAR 191 per share, implying a discount of 8.9% to the closing share price on Nov. 10, the last day of trading prior to the launch of the offering.

The offering was successfully oversubscribed by both local and international institutional investors.

The PIF’s ownership will become 60% of the Company’s share capital post the offering.

The remaining ordinary shares in Saudi Tadawul Group Holding Company held by PIF will be subject to a 90-day lock-up undertaking.

The sale will be executed through off-market Negotiated Deals on Sunday, Nov. 13, 2022 before market opening, in accordance with the negotiated deals framework stipulated.

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