Results on the 4th day of Saudi Integrated Telecom IPO revealed

07/05/2011 00:00 AST

AlBilad Investment Company - the Financial Advisor, IPO Lead Manager and Lead Underwriter for the IPO of "Saudi Integrated Telecom Company"- revealed the results of the fourth day of subscription for SITCs shares and its process.

The company has received 80,811 requests for 368,431 subscribers on 30,965,650 shares worth SAR309,656,500m, with a coverage percentage of 103% until 5pm on Thursday 2/6/1432H (May 5, 2011G), noting that 97% of the subscriptions requests were received through the banks e-services.

Three days before the subscription period that ends next Sunday on 5/6/1432H (8/5/2011G), and AlBilad Investment Company highly praised the participating banks (AlBilad Bank, National Commercial Bank, Samba, Arab National Bank, Banque Saudi Fransi, Riyad Bank, AlRajhi Bank and SABB) for their help and support on the IPO process, also their positive co-operation and remarkable participation to ease the subscription process for all the subscribers.


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