Announcement of the results of the Retail offering process for the Initial Public Offering of East Pipes Integrated Company for Industry

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Announcement Detail SNB Capital in its capacity as the Financial Advisor, Bookrunner, Lead Manager, and Underwriter on the initial public offering of East Pipes Integrated Company for Industry (the “Company”) announces the successful completion of the Offering to Individual Investors. Each Individual subscriber will receive a minimum of (3) three shares, while the remaining shares will be allocated on a pro-rata basis based on demand size to the remaining demand with an allocation factor of 0.0173%. Fraction shares were collated and allocated one share per application starting from the highest order in descending order.

The company offered 6,300,000 shares, representing 30% of the company’s capital, which was allocated 90% to Institutional Investors and 10% to Individual Investors.

The subscription period for Individual Investors Tranche, comprising 630,000 shares representing 10% of the total offering at a final Offer Price of SAR 80 per share, commenced on 24 January 2022 and ended on 25 January 2022.

Details of Individual Investor tranche:

- Number of Retail Subscribers 209,452

- Number of shares offered to retail subscribers 630,000

- Final Offer Price SAR 80

- Retail tranche coverage 16.1x

- Total amount of retail subscriptions c.SAR 810.8 million

- Minimum allocation to retail investors (3) three shares

- Average allocation factor of remaining retail shares 0.0173%

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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