Alinma Investment Company, 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 third day of subscription. The number ofsubscription applicationssubmitted amounted to approximately 117,532 and the number ofsubscribers throughall receiving banksstood near 641,913.
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 SAR430,173,000which corresponds to a coverage rate of nearly 717%.