Alinma Investment Company, which is licensed by the Saudi Capital Market Authority (licensenumber 09134-37) and is the lead manager for the initial public offering (IPO) of shares ofTokio Marine Saudi Arabia, has announced the IPO results at the end of the first day of subscription. The number ofsubscription applicationssubmitted amounted to approximately 52,871 and the number ofsubscribers throughall receiving banksstood near 300,090.
Subscriptions were successfully made through all available banking channels, including both receiving bank branchesand electronicchannels. To date, subscribers have invested a total amount of approximately SAR199,394,500,which corresponds to a coverage rate of nearly 332%.
Mr. MohammedBin Abdullah Fada’ili, the CEO ofAlinma InvestmentCompany, explained that there is ongoing follow-up andcoordinationwithreceiving banksin order to ensure adequate service for subscribers and to have a clear picture of the IPO’s progress.