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Alhokair IPO, 2.1m subscriptions
- Saudi Arabia: Saturday, October 21 - 2006 at 09:52
The ten day Initial Public Offering of Saudi based clothing retail outfit Fawaz Abdulaziz Alhokair and Company which closed on October16 received over 2.1m subscriptions. The total amount collected came to $640m and excess funds will be returned today, October 21. The HSBC was the financial advisor and lead manager and the Saudi British Bank was the sole underwriter.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, October 21 - 2006 at 09:52 UAE local time (GMT+4)
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This article was updated on Fri Oct 27 2006.
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