At the end of day 3 of the subscription period, 74,334 applications have been received via the Receiving Banks (Riyad Bank, SABB and Saudi Fransi) accounting for 353.98% of the available shares.
The subscription period began on Saturday 3rd October 2009 and will end on Friday 9th October 2009. Members of the Saudi public interested in subscribing for shares can contact one of the Receiving Banks which are: Riyad Bank, SABB, Saudi Fransi.
Bank customers with the appropriate facilities may also be able to subscribe to the IPO through telephone and internet banking as well as ATMs.
Morgan Stanley is acting as Financial Advisor and Riyad Capital is acting as Lead Manager and Sole Underwriter in relation to the offering.
Copies of the Al Alamiya prospectus are available from the Al Alamiya Head Office in Jeddah, The Capital Markets Authority website, as well as in branches of the Receiving Banks.
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Al Alamiya IPO 353.98% subscribed by day 3
- Saudi Arabia: Tuesday, October 06 - 2009 at 14:53
- PRESS RELEASE
Riyad Capital, Lead Manager and Sole Underwriter for the Initial Public Offering (IPO) of Al Alamiya for Cooperative Insurance Company (under formation), has announced that the third day of subscriptions saw continued interest in the Initial Public Offering.
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Posted by Rima Ali Al MashniTuesday, October 06 - 2009 at 14:53 UAE local time (GMT+4)
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