Solution by stc IPO

Arabian Internet and Communications Services Company (solutions by stc) IPO

Thank you for choosing Bank Albilad for your IPO subscription. Now you can subscribe to Solution by stc IPO through any of Bank Albilad channels; Albilad app, Albilad net, Albilad phone, Albilad ATMs or any of Albilad branches.

Solution by stc IPO highlights

  • Retail offering period (3 days): September 19 – September 21
  • Number of shares offered: 24 million
  • Final allotment: September 27, 2021
  • Surplus refunds: September 29, 2021

IPO minimum limit individuals

  • The IPO minimum limit for individuals is 10 shares

What are the available Bank Albilad channels to Subscribe through?

How to subscribe in the IPO through Albilad App?

  • Update the App to the latest version from the App store
  • Login to Albilad App
  • Go to “…” icon at the bottom right of the screen
  • Click on “IPO”
  • Choose “Solution by stc” IPO
  • Update and modify dependents by entering ID of one of them, and the system will automatically fetch the IDs of all dependents
  • Choose the dependent whose names you want to subscribe.
  • Enter the number of shares (per individual) to be subscribed to, with a minimum of 10 shares
  • Select the current account to be debited from in the (Funding Source Account
  • Click Next after checking the total shares and the total price
  • Agree to the IPO Agreement and Disclaimer
  • Review the request details and click on the Confirm option, so the process will be completed successfully

How to subscribe in the IPO through Albilad Net?

  • Login to Albilad Net
  • Chose IPO option from the list of services then Bank IPO list 
  • Chose “ Solution by stc “ then continue 
  • Customer can retrieve his dependent list by entering one of their ID’s   
  • Under IPO subscription customer need to fulfill number of shares per individual with 10 shares as minimum 
  • Choose from account then click on continue
  • Agree on T&C and disclaimer then click on confirm 
  •  The process will be completed successfully

Shares allocation for individuals

A maximum of two million, four hundred thousand (2,400,000) Offer Shares, representing 10% of the total Offer Shares

For FAQ  Click Here
For Prospectus Click Here

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