| Element List | Introduction |
| Explanation | Following the Saudi Telecom Company –stc- (the Company) announcement dated 19-11-1442H (corresponding to 29-06-2021G, the company announces the completion of institutional and retail subscription for the Initial Public Offering of 20% of solution by stc shares. The total proceeds from this offering amounted to SR 3,624 million, before deducting all fees, expenses, and costs related to the offering. The final allocation of offer shares and the refund of excess subscription amounts dates will be based on what was announced in the prospectus.
It should be noted that the financial impact of these proceeds would be reflected on the company's statement of financial position for the 3rd quarter of 2021 and there will be no impact on the profit or loss statement. |
| Previous Announcement | |
| Explanation | Saudi Telecom Company (stc) announces the latest developments regarding the possibility of an initial public offering for its subsidiary, Arabian Internet and Communications Services Company (solutions by stc). |
| Date of Previous Announcement on Tadawul's Website | |
| Explanation | 2021-06-29 Corresponding to 1442-11-19 |
| Percentage of fulfilled achievement | |
| Explanation | NA |
| Event's Expected Completion Date | |
| Explanation | NA |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | |
| Explanation | NA |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Following the Saudi Telecom Company –stc- (the Company) announcement dated 19-11-1442H (corresponding to 29-06-2021G, the company announces the completion of institutional and retail subscription for the Initial Public Offering of 20% of solution by stc shares. The total proceeds from this offering amounted to SR 3,624 million, before deducting all fees, expenses, and costs related to the offering. The final allocation of offer shares and the refund of excess subscription amounts dates will be based on what was announced in the prospectus.
It should be noted that the financial impact of these proceeds would be reflected on the company's statement of financial position for the 3rd quarter of 2021 and there will be no impact on the profit or loss statement. |
| Previous Announcement | Saudi Telecom Company (stc) announces the latest developments regarding the possibility of an initial public offering for its subsidiary, Arabian Internet and Communications Services Company (solutions by stc). |
| Date of Previous Announcement on Tadawul's Website | 2021-06-29 Corresponding to 1442-11-19 |
| Percentage of fulfilled achievement | NA |
| Event's Expected Completion Date | NA |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
