| Element List | Explanation |
|---|---|
| Introduction | The Saudi Industrial Export Company announces the results of trading priority rights and subscribing to new shares and details of the process of selling shares that were not subscribed for. |
| Total Number of Subscribed Shares out of the total Number of New Offered Shares | Number of shares which were subscribed to are (15,438,395) out of the total number of shares (17,280,000) |
| Value of the Subscribed Shares | 154,383,950 SAR |
| Coverage Percentage out of Total New Offered Shares (%) | 89.34 % |
| Remaining Offering Mechanism | Rump Shares will be offered to several institutional investors, provided that those Institutional submit purchase offers for the rump Shares, which shall be allocated to institutional investors by giving priority to the highest bid, then the lowest and the lowest (provided that it is not less than the offering price), with shares being allocated on a proportionately basis among those institutional Investors that have tendered offers at the same price. In the event shares remain unpurchased by institutional investors, then those shares shall be allocated to the underwriter who will purchase them at the offering price. |
| Remaining Offering Start Date | 2022-06-07 Corresponding to 1443-11-08 |
| Remaining Offering End Date | 2022-06-08 Corresponding to 1443-11-09 |
| Specification of the Remaining Offering Period Hours | The Rump Offering Period for the unsubscribed shares amounting to (1,841,605) shares, shall start at 10:00 am on Tuesday 08/11/1443H, (corresponding to 07/06/2022G) and continue until the following day at 05:00 pm on Wednesday 09/11/1443H, (corresponding to 08/06/2022G) |
| Additional Information | In case of any inquiries, we hope to contact the Investor Relations during daily working hours through one of the following means: |
Tel: +966 114058080
Mob: +966 554551092
Email: shareholder.relations@siec.com.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.