The initial public offering (IPO) of National Medical Care Co. (NMC) was 705% oversubscribed, said Riyad Capital, financial advisor, lead manager and underwriter. Full article
AJIL Financial Services Company C.J.S.C. has successfully issued its first off-balance sheet Sukuk in the Kingdom of Saudi Arabia for 500 million Saudi Riyals today. The inaugural Sukuk was priced at 3 months SAIBOR plus 80 basis points with an Issue Price at par. Full article