NCB issues a supplementary prospectus

The National Commercial Bank issued a supplementary prospectus for selling 500m shares or 25% of the bank in an IPO at SAR 45/share.
 

The bank said that there is new information that should be disclosed about the IPO methodology and submitting requests as the Capital Market Authority requires a supplementary prospectus to be issued in the following cases:
 

1. A significant change to material information included in the initial prospectus.
2. The occurrence of any important matters that should be disclosed in the prospectus.

According to Argaam; NCB is to sell 500m shares held by the Public Investment Fund (25% of the bank) in an IPO during the period from Oct. 19 to Nov.2, 2014.