The main elements of the Draft Amendments are:
1. Developing the provisions regulating the participating parties in the book building process, including allowing the financial advisor to determine the parties that are entitled to participate in the book building process from the parties stipulated in the Instructions, provided that public funds are among them.
2. Determining the responsibilities of the financial advisor in relation to verifying the financial solvency of the participating entities, and their ability to pay the value of the shares requested in the bidding participation application when allocated.
3. Developing the provisions regulating the shares allocation for participating entities after completing the book building.
Last Modified Date: 17/03/2022 - 8:55 AM Saudi Arabia Time
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