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MENAFN - Arab News - 22/03/2007

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(MENAFN - Arab News) DAMMAM — Saudi United Insurance Company (Walaa Insurance) said the IPO (initial public offering) coverage of the company reached 46 percent at the end of the fourth day of the IPO launch, which began last Saturday. In 53,929 applications, SR117.1 million worth 11.71 million shares have been applied for. Four more days of IPO remain. The shares are being sold at all branches of the underwriting banks, according to the executive president of the company yesterday.



 






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