Loading ...Saudi Al Mojil To Announce Final IPO Subscription Data-Report |
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Saturday, May 17, 2008
BEIRUT (Zawya Dow Jones)--Saudi-based Mohammad Al Mojil GroupMohammad Al Mojil Group
is expected to allocate 10 shares for each individual subscriber in the company's 2.1 billion Saudi riyal ($559.9 million) initial public offering, Dammam-based Al Yaum daily reported Saturday, citing people close to the lead manager.
Al MojilAl Mojil's IPO, which closed last Monday, was 314% oversubscribed and raised as much as SAR6.6 billion.
HSBC Saudi ArabiaHSBC Saudi Arabia Ltd., the IPO lead manager and advisor said Tuesday "the final subscription data will be announced as scheduled on Sunday, along with the details of allocation and refunds to all subscribers."
Newspaper Web site: http://www.alyaum.com/
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2008 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
17-05-08 0738GMT
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