Financial and Banking News
Share Offer For Saudi Arabia's Al-Ahsa Three Times Oversubscribed
The share offer for Saudi Arabia's Al-Ahsa Development Company was morethan three times oversubscribed when it closed at the end of June. A total of1.1mn new shares were offered at SR100 per share, but bids were received for3.58mn riyals. This rate of oversubscription is impressive, although not as highas some recent issues. The share offer was open to citizens...