Tokio Marine Saudi Arabia

Alinma to manage Tokio Marine IPO

Tokio Marine Saudi Arabia appointed Alinma Investment as lead manager and underwriter for the initial public offering (IPO) of 30 percent of its stocks (20,000,000 shares).
The share capital amount of the company will be SR200,000,000. The offer period will extend from March 19 until March 25.
Alinma Bank, Tokio Marine & Nichido Fire Insurance Co. Ltd., SABIC Industrial Investments Co. Ltd., Saudi Establishment for Trade and Distribution, Sheikh Abdullah Ben Mohammed Ben Abdul Aziz Al Romaizan and Geant Saudi Ltd. are the major shareholders.

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