A total of 1.25 million subscribers put up a total of SAR310.7 billion for the 300 million shares offered to retail investors.
The offer is higher than a rival bid of 56 pounds per share from Pioneers Holdings announced on Tuesday.
The Saudi index tumbled 3.5 per cent to 9,785 points on Tuesday, its biggest drop since Oct. 16 .
An armed group killed at least eight people in an overnight attack on Shi’ite Muslims.
Brent crude oil futures sank more than $2 a barrel on Tuesday to a four-year low of $82.32.
Oil analysts see no sign of a new coalition in the making, despite some parallels to the late 1990s – a structural downturn in oil markets and talk of a price war among producers.
The clashes in al-Qassim province north of Riyadh happened less than 24 hours after gunmen shot dead five people in eastern al-Ahsa district.
Three masked men opened fire at a group of citizens belonging to the Shi’ite muslim sect as they were leaving a building, state news agency SPA reported.
Competitive pressures and signs of moderating demand slowed growth.
Informed by its previous experience, the Kingdom is using an array of tools against jihadi recruitment apart from the media.
Mobily asked for its shares to be suspended on Thursday, seeking more time to review unspecified “significant matters” in its financial statements.
The shutdown, which will start on Wednesday, will boost efficiency and production, Sipchem said in a bourse filing.
The firm took extra provisions of SAR207 million for bad debts, slow-moving inventory and goodwill impairments on its investments.
The retail portion comprises 15 per cent of its stock, amounting to 300 million shares.
The Kindgom is expected to raise the December prices for most of the crude grades it sells to Asia.
The total value of Saudi oil aid since July 2013 has amounted to about $5 billion.
The Islamic investment firm will also distribute its Luxembourg fund range via two European investment firms.
NCB is offering 300 million shares to Saudi individuals and 200 million shares to the state-run Public Pension Agency.
Survey finds 47 per cent of fund managers intend to raise their overall equity allocation to the Middle East in the next three months.
The recent surge in cases, now numbering 32 since the start of October, has been focused in Riyadh and the western city of Taif, authorities said.
The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.
Kingdom made a net profit of SAR265 million ($70.6 million) in the three months ended Sept. 30, compared to SAR219.9 million in the same period a year earlier.
Jadawel International, a unit of London-based MBI International Holdings Inc., claims Barclays “hatched a fraudulent scheme” to secure the rare Saudi banking license, selling out Jadawel in the process.
Yanbu Aramco Sinopec Refining Co (Yasref) refinery started trial runs in September and originally planned its first exports by November.
Consumers are mainly upbeat about future job prospects, the Nielson survey found.
The airline’s chief executive said that flynas would now focus on expanding its short-haul services, and might look at a different model for long-haul flights at a later date.
Last Wedesday, the riyal tumbled unusually far beyond its peg of 3.75 against the U.S. dollar in the spot market, to as low as 3.7530.
Zain Saudi made a net loss of SAR316 million ($84.23 million) in the three months to Sept. 30.
The Health Ministry has announced a total of 23 confirmed new cases this month of the virus.
The company made a net profit of SAR89.9 million ($24.0 million) in the three months to Sept. 30.