Total subscriptions to NCB’s initial public offering reached 50.3 percent by the end of eleventh day.
The bank floated 25 percent (500 million shares) of its capital on an IPO of which 300 million shares were dedicated to individual investors.
By the end of business yesterday, total number of individual subscribers reached around 757,000 with total proceeds of approx. SAR 6.79 billion, said managers GIB Capital and HSBC Saudi Arabia.
The IPO will close on November 2.
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NCB’s IPO Status – Individuals Tranche |
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|
Value (SAR million) |
Subscribers (Thousand) |
Subscription (%) |
|
|
6.1% 166 824 |
October 19, 2014 |
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|
October 20, 2014 |
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|
1380 |
266 |
10.2% |
October 21, 2014 |
|
1880 |
355 |
13.9% |
October 22, 2014 |
|
2290 |
432 |
18.0% |
October 23, 2014 |
|
22.3% 551 3010 |
October 24, 2014 |
||
|
October 25, 2014 |
|||
|
October 26, 2014 |
|||
|
3680 |
611 |
27.2% |
October 27, 2014 |
|
4780 |
684 |
35.4% |
October 28, 2014 |
|
6790 |
757 |
50.3% |
October 29, 2014 |
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