National Commercial Bank to start trading on Nov 12 after IPO

10/11/2014 Argaam

Saudi Arabia’s National Commercial Bank will start trading on Saudi Arabia’s stock exchange, Tadawul on Wednesday Nov 12 under the ticker 1180, according to a statement from the Saudi Capital Market Authority.

 

The stock will be allowed to move maximum of 10 percent, it said

 

NCB’s IPO drew 1.25 million individual investors paying a total of SAR 310.7 billion.

 

Saudi retail investors were invited to buy up to 300 million shares at SAR 45 a share in the biggest IPO in the Middle East which takes place between Oct 19 to Nov 2, according to Argaam. 

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