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Fawaz Alhokair, Chairman, Fawaz Abdulaziz Alhokair & Company, said:
"By showing their faith in Fawaz Abdulaziz Alhokair & Company, investors have exercised their vote of commitment to the progress of the Kingdom. We welcome our new stakeholders and would like to ensure them that Fawaz Abdulaziz Alhokair & Company will continue to outperform competition and offer world-class products."
Dr. Abdulmajeed Alhokair, Chief Executive Officer, Fawaz Abdulaziz Alhokair & Company said: "On behalf of the company I sincerely thank the Saudi investors for their strong support to the IPO and the CMA and our banking partners for their support as well. Investor response to the IPO is an indication of their trust in the Company, its future growth potential and market leadership status."
"We are thankful to the Capital Market Authority (CMA) of Saudi Arabia; to HSBC our financial advisor & lead manager and to Saudi British Bank (SABB) our sole underwriter. We also thank the 11 receiving banks for reaching out to Saudi investors across the vast Kingdom using innovative outreach programmes."
SABB was the sole underwriter of the IPO and also a selling agent. The other banks that were involved in selling the issue were: Samba Financial Group, Al Rajhi Banking & Investment Corporation, National Commercial Bank, Arab National Bank, The Saudi Investment Bank, Riyad Bank, Banque Saudi Fransi, Bank Al Bilad, Bank Al Jazira and Saudi Hollandi Bank.
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Posted by Lara Lynn Golden, News Editor
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