Announcement in Connection with the Completion of the Accelerated Bookbuild Offering to Sell the Entire Stake of the Arab Company for Drug Industries and Medical Appliances in the Saudi Pharmaceutical Industries and Medical Appliances Corporation and Setting of the Final Offer Price at SAR 27.90 Per Share
GIB Capital Company, in its capacity as financial advisor and bookrunner for the Arab Company for Drug Industries and Medical Appliances (the “Selling Shareholder”), announces the successful completion of the accelerated bookbuild offering (the “Offering”) for institutional investors in relation to the sale of the entire stake of the Selling Shareholder in the Saudi Pharmaceutical Industries and Medical Appliances Corporation. The final price of the Offering was set at SAR 27.90 per share (the “Offer Price”).
Please refer to the attachment for more details on the Offering.
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