Home Industry Finance Saudi’s National Commercial Bank Says To Raise $6bn In IPO The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share. by Reuters October 2, 2014 Saudi Arabia’s National Commercial Bank, the Kingdom’s biggest lender by assets, plans to raise SAR22.5 billion ($6.0 billion) in the initial public offering (IPO) it will launch this month, the bank said in a statement. The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share, it said on a bourse statement. Subscription for the IPO will open on Oct.19 and close on Nov.2. 0 Comments