The National Commercial Bank (NCB) collected a total of SAR 64.91 billion after its initial public offering ended on Sunday, according to data available on Argaam.
About 947,000 investors bought shares by the time the IPO had ended on the fifteenth day, with a coverage ratio of 480.8 percent.
The price for the much-anticipated IPO was set at SAR 45 per share.
The bank, which is the kingdom’s largest in terms of assets, sold 500 million shares, representing 25 percent of its capital. About 300 million shares were allocated for individual investors, while 200 million were set aside for the Public Pension Agency.
It was Saudi Arabia’s first bank IPO since 2008.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}