02 November 2007
Two of the three Saudi insurance firms which launched their IPOs said that subscription largely exceeded the offered shares.

The companies said they had collected a combined value of SR788 million (Dh773.7m). Subscribers in Trade Union Cooperative Insurance Company pumped nearly Dh496.6m, while in Al Sagr Cooperative Insurance Company they pumped about Dh277.1m.

Emirates Today 2007