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Announcement of the Price Range and start of Institutional Book-building period for the initial public offering of Sport Clubs Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Fransi Capital as sole Financial Advisor, Underwriter and Bookrunner, of the Initial Public Offering (the “IPO”) for Sport Clubs Company (“SCC” or “the Company”) announces on behalf of the Company the price range, as well as the commencement of the book-building period; as per the following details: - The price range for the offering has been set at SAR (7.00) to SAR (7.50) per share (the “Price Range”) - The offering is comprised of 34,320,000 ordinary shares representing 30% of the share capital of the Company. - The minimum number of offer shares to be applied for by participating entities is 100,000 ordinary shares, while the maximum number of shares is 5,719,999 ordinary shares. - The participation in the book-building process is confined to the participating parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority. - The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the retail subscription representing 20% of the total initial public offering shares will be offered to individual subscribers. - Bidding and book-building period for Institutional Tranche: starts on Sunday 22/06/2025G until 3:00 pm on Thursday 26/06/2025G. For more information and for the prospectus, please visit the Capital Market Authority website www.cma.org.sa, Company’s website www.sportclubs.com.sa, and Saudi Fransi Capital website www.bsfcapital.sa. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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