Saudi Fransi Capital, the financial advisor, bookrunner, institutional bookrunner, and underwriter for the public offering of Zahrat Al-Waha Trading Company, that it has completed all necessary preparations with the receiving financial institutions to ensure the success of the public offering, which will launch on Sunday, August 13,August 2017 and will continue for eight days through Sunday, August 20, 2017. An agreement has been reached with the underwriters—Al-Ahli Commercial Bank, Banque Saudi Fransi, Riyad Bank, and Samba Financial Group, to ensure the availability of subscription forms and all information required by investors, including the provision of dedicated counters within their branches to receive subscription applications.

The subscription price was set at 51 Saudi riyals per share, with a coverage ratio of 120:1 for the total number of shares at the offering price.

Saudi Fransees Capital clarified that participating institutions and investment funds subscribed to all of the offered shares, with 4.5 million shares—representing 100% of the shares offered for subscription—allocated to them in the first phase. With the successful completion of the book-building process for institutional and investment fund subscriptions, the second phase will allocate 900,000 shares for retail subscription, representing (20) % of the total shares offered for subscription.