PARTICIPATION OF 598,000 SUBSCRIBERS AND THE IPO CLOSES ON WEDNESDAY 18th July
Prince Alwaleed: "We are delighted that the Saudi people are recognizing the unique investment opportunity KHC represents"
Eisa Al Eisa, the managing Director and CEO of Samba Financial Group, the financial advisor and lead manager and underwriter of KHC IPO, revealed today the KHC IPO statistics as at the end of Sunday 1/7/1428H corresponding to 15/7/2007 G, where the number of subscribers reached 598,000, and the total money pumped was SR 895,4 millions, hence covering 55,5% of the total shares offered to the retail.
Commenting on the latest statistics, HRH Prince Alwaleed Chairman of KHC said: "I am very pleased with the response to the IPO to date and I am delighted that the Saudi people recognize the unique investment opportunity KHC represents. Investors participation in this IPO will enable the public to join us in building KHC`s future together."
Al Eisa noted that IPO transactions carried out by electronic channels (telebanking, internet and ATMs) has reached 87% of the total IPO subscriptions around KSA reflecting the high degree of flexibility that the electronic channels provide and the tremendous efforts made by Samba and the receiving banks to ensure the ease of subscription and customers` satisfaction.
Al Eisa Added: "The response to the IPO has been great and it is progressing very smoothly. All IPO transactions have recorded steadily increased levels, which reflects Saudis awareness of this unique investment opportunity and as well as an increased awareness of electronic subscription channels which is saving their time and effort. Electronic channels are also enabling the receiving banks to deal with this important IPO with great efficiency, and facilitate the high follow-up from local, regional and international financial circles." |
