As many as 3.1 million retail investors injected SAR 27.04 billion to subscribe to 845.1million shares of Saudi Aramco by the end of Nov. 26, Samba Capital said in a statement.
The IPO lead manager added that 1.79% of investors submitted bids through phone banking, 23.81% through ATMs, 37.92% through internet banking and 36.48% through bank branches.
The retail offering will close on Thursday, Nov. 28.
The level of demand witnessed during the IPO is a strong indicator of the trust that the investing community has in the strength of the company’s financial position, in addition to the rising level of financial awareness amongst Saudi citizens – demonstrated through their efforts to increase their savings by investing in companies offering attractive returns, Samba Capital’s Deputy Chairman Rania Nashar said.
|
Aramco IPO (Tenth Day) |
|||||
|
Days |
Number of subscribers (mln( |
Funds raised (SAR bln) |
Number of subscribed shares (bln) |
Number of shares offered (bln) |
Coverage ratio (%) |
|
Fifth Day |
1.82 |
14.59 |
0.46 |
1.00 |
46% |
|
Ninth Day |
2.63 |
21.77 |
0.68 |
1.00 |
68% |
|
Tenth Day |
3.10 |
27.04 |
0.85 |
1.00 |
85% |
Comments
{{DisplayName}}
{{ElapsedTime}}