A list of banks that will deal with Electrical Industries’ n IPO Nov 11 - 17

The Electric Industries Company (EIC) will kick off on Tuesday its initial public offering, where 13.5 million shares, 30 percent of capital, will be floated on a 50-50 basis for retail and corporate investors.

Share price was set at SAR 54 during the booking building process.

Receiving banks will be Banque Saudi-Fransi, Riyad Bank, Samba Financial Group, Saudi-Hollandi Bank, the National Commercial Bank (NCB), Saudi-British Bank (SABB) and Al-Rajhi.