RIYADH, 24 July 2007 — Eisa Al Eisa, executive president of Samba Financial Group, the financial adviser, lead manager and underwriter of the Kingdom Holding Company (KHC) IPO, yesterday announced completion of the allocation of share refunds for all of KHC’s retail subscribers.
A minimum of 50 shares were allocated for every retail subscriber. The rest of the shares were allocated on a ratio basis according to the ratio of what was requested by each subscriber, to the total of the shares subscription with a ratio of 23.095 percent.
All the receiving banks have completed refunding SR5.3 billion yesterday, out of the total amount raised after the shares allocation process was finally approved by Capital Market Authority (CMA).
Prince Alwaleed bin Talal, chairman of KHC, said: “On behalf of KHC and the management team I would like to thank all involved in helping us with this successful IPO.
The Saudi people have today become part of Kingdom Holding and part of our future. They are now shareholders in Saudi Arabia’s No. 1 company and one of the world’s most successful investment groups.”
