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 ofTokyo Marine Saudi Arabia, has announced the IPO results at the end of the second day of subscription. The number ofsubscription applicationssubmitted amounted to approximately 77,407 and the number ofsubscribers throughall receiving banksstood near 437,289.
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 SAR293,726,000which corresponds to a coverage rate of nearly 490%.