Research Reports

Mother of All IPOs - National Commercial Bank (Bilingual)

January 25 , 2015

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Executive Summary

National Commercial Bank, Saudi Arabia's largest lender has come out with an IPO that ended on November 2nd 2014. NCB's IPO size is expected to be USD 6 Bn beating the previous record held by Dubai World (USD 4.7 Bn). The subscription was open from 19th October to 02nd of November 2014. The total stake offered was 25%; 15% of the total stake would be reserved for the general public while the additional 10% would be reserved for the Public Pension Agency owned by the government. The total shares that were offered to public were 300,000,000 and the minimum subscription is 10 shares.

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