Announcement of the Price Range and Start of Institutional Book-building Period for the Initial Public Offering of Consolidated Grünenfelder Saady Holding Company
| Element List | Explanation |
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| Announcement Detail | AlJazira Capital, in its capacity as the Financial Advisor, Lead Manager, and the Underwriter, together with Arqaam Capital Financial Company, in their capacity as Joint Bookrunners on the potential initial public offering of Consolidated Grünenfelder Saady Holding Company (the “Company” or "CGS"), announces on behalf of the Company the price range for the Offering, as well as the commencement of the institutional book-building period; as per the following details:
• The price range for the Offering has been set at 9.50 Saudi Riyals to 10.00 Saudi Riyals per share (the “Price Range”).
• Bidding and book-building period for the Participating Entities starts on Wednesday 14/05/1447H (corresponding to 05/11/2025G) and closes at 3:00 p.m. KSA time on Tuesday 20/05/1447H (corresponding to 11/11/2025G).
• The Offering is comprised of thirty million (30,000,000) ordinary shares (the “Offer Shares”) representing 30% of the Company’s issued share capital by way of sale of existing shares by the Selling Shareholders.
• The minimum number of Offer shares to be applied for by the Participating Entities is one hundred thousand 100,000 ordinary shares, while the maximum number of shares is four million, nine hundred ninety nine thousand and nine hundred ninety nine 4,999,999 ordinary shares.
• The participation in the book-building process is confined to the Participating Entities 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 Investors subscription process, the number of Offer Shares to be provisionally allocated to the Participating Entities is thirty million 30,000,000 Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for the Retail Investors. In the event that the Retail Investors subscribe for all the Offer Shares allocated thereto which represent 20% of Offer Shares (six million 6,000,000 shares), the Bookrunner shall have the right to reduce the number of shares allocated to the Participating Entities to a minimum of twenty four million 24,000,000 Offer Shares, representing 80% of the total Offer Shares. For more information, please visit the Capital Market Authority website (cma.org.sa) and the Company’s website (ipo.cgs.com.sa) and AlJazira Capital’s website (www.aljaziracapital.com.sa) where the Offering Prospectus is published. |
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