May 08 2011 |
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Big response for Saudi Integrated Telecom Company IPO
RIYADH: AlBilad Investment Company , the financial adviser, IPO lead manager and lead underwriter of the IPO for Saudi Integrated Telecom Company ( SITC ), has revealed the results of the fifth day of the subscription for SITC 's shares and its process, showing the company has received 92,700 requests for 424,600 subscribers on 35,700,000 shares worth SR357,000,000, with a coverage of 119 percent until 5 p.m. on Friday (May 6).It was noted that 98 percent of the subscriptions' requests were received through the banks' e-services.
The subscription period ends on Sunday (May 8).
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