Announcement in Connection with the Launch of the Accelerated Bookbuild Offering to Sell Part of the Public Investment Fund’s Stake in Saudi Tadawul Group Holding Company
HSBC Saudi Arabia and Morgan Stanley Saudi Arabia in their capacity as Joint Global Coordinators (“JGCs”) and together with Al Rajhi Capital as Joint Bookrunners (“JBRs”) for the Public Investment Fund (“PIF” or the “Selling Shareholders”), announce the launch of an accelerated bookbuild offering (the “Offering”) to sell part of PIF’s stake in Saudi Tadawul Group Holding Company (“Tadawul” or the “Company”).
The Offering comprises an offering to institutional investors of 12,000,000 shares in Saudi Tadawul Group Holding Company representing 10% of Tadawul’s issued share capital.
Please refer to the attachment for more details on the Offering.
Attached Documents
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