The total number of subscribers was 1,120,707 which contributed a total amount of SR605,198,000 and amounted to a subscription coverage of 1163%.
Andrade was more than pleased with this transaction and extended his thanks all participants in making the Buruj Insurance IPO a success. He expressed his appreciation for the support given by the CMA.
The IPO was completed via several channels. Electronic channels represented 90% of the subscriptions.
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Al Rajhi Capital announces final allocation for Buruj Cooperative Insurance Co. IPO
- Saudi Arabia: Wednesday, October 14 - 2009 at 16:17
- PRESS RELEASE
The CEO of Al Rajhi Capital Co., the Lead Manager of the of the Buruj Cooperative Insurance Co.IPO, Marcus Andrade, announced that the allocation of shares has been completed and approved by the Capital Market Authority (CMA).
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Notes and media contacts
For more information please contact:Hamza Shaqman
Account Executive
mediaINSIGHT Digital- Riyadh
Tel:+966 1 205 7733
Fax:+966 1 205 7878
Posted by Rima Ali Al MashniWednesday, October 14 - 2009 at 16:17 UAE local time (GMT+4)
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