 Al EISA: PARTICIPATION OF 761,000 SUBSCRIBERS AND THE COVERAGE OF 81% OF RETAIL SHARES OFFERED IN THE IPO UP TO MONDAY
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 Monday 2/7/1428H corresponding to 16/7/2007 G, where the number of subscribers reached 761,000, and the total money invested to date was SR 1306,9 million, covering 81% of the total shares offered to the retail.
HRH Prince Alwaleed Bin Talal AlSaud, chairman of KHC commented: "I am very pleased that the IPO continues to go strongly and that the subscription process is progressing smoothly and efficiently. This indicates that Saudis are recognizing the potential of the No.1 Company in KSA".
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 by end of Monday, indicating that the IPO in KHC shares will close on Wednesday 4/7/1428H corresponding to 18/7/2007G.
Al Eisa announced that the final KHC IPO results will be announced at the beginning of next week. Share allocation and refunds will be announced on Monday 9/7/1428H corresponding to 23/7/2007. |
