 Kingdom Holding Company ("KHC") one of the world’s largest and most diversified private investment groups today confirmed the announcement by the Saudi Stock Exchange (Tadawul) that its shares will start trading on Sunday 29th July 2007. The shares will trade on Tadawul Services Sector. Share orders entry and maintenance will start at 10.00 am, while the trading period will be from 10.15 am till 03.30 pm for the first day.
Subscription for the KHC’s IPO closed on 18 July 2007 and saw 1.251.297 subscribers invested around SR 8.5 billion into the Company covering the IPO by 264%
HRH Prince Alwaleed, chairman of KHC commented:
"I am delighted to see our shares start trading on the market and feel confident that the addition of KHC to the Tadawul will benefit investors, the Saudi market and the national economy. I hope investors will recognise the excellent medium to long term opportunity for our shares as we deliver on our proven business strategy and build KHC to even greater heights together with our shareholders." |
