Mother of All IPOs - National Commercial Bank (Bilingual)

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.