 40% OF TOTAL OFFER COVERED FOR RETIAL INVESTORS
Eisa Al Eisa, the managing director and CEO of Samba Financial Group, the financial advisor and lead manager and underwriter of KHC IPO, announced the results of the IPO that started on Tuesday 25/6/1428 H corresponding to 10/7/2007, where the number of subscribers till end of Saturday reached to 453,000 subscribers pumped around SR 635.1 million representing 40% coverage from the total shares offered to retail.
Al Eisa revealed that IPO transactions are carried out easily through all receiving banks branches and are recording high level of interest from the subscribers. Transaction carried out by electronic channels (internet, telebanking and ATMs) are also recording high levels and have reached to 90%.
Al Eisa commented:
"This IPO marks another landmark in the history of the Kingdom in general and a support to our financial market. The early response and demand to KHC IPO is conspicuous, and it is reflecting the Saudis awareness of this unique investment opportunity in KHC, and their knowledge of KHC high team performance, and in KHC being the world’s most successful, well known and diversified business organization." |
