The Capital Market Authority has approved the offering of 56.4 million shares for public subscription, representing 30 % of the shares of “Saudi Ground Services Company,” A portion of these shares will be allocated to institutional investors during the period from June 3, 2015, to June 9, 2015, following the completion of the book-building process.
The Authority stated that the company will publish the prospectus well in advance of the subscription start date. The prospectus must contain the information and data that investors need to review before deciding whether or not to invest, particularly the share price, the company’s financial statements, and comprehensive information about its operations and management.
