ARCCIAmerican-Russian Chamber of Commerce and Industry
ARCCIAssociation of Rape Crisis Centers in Israel
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Andrade was more than pleased with this transaction and would like to extend his thanks and gratitude to all participants in making the ARCCI IPO a success.
Al-Rajhi Financial Services Co., lead manager and sole underwriter for ARCCI's IPO, has announced that shares have been allocated to a minimum of six for the individual subscriber and 292 shares were allocated to the maximum number of individuals (43 persons) per subscription form.
Commenting on the overwhelming response to ARCCI's IPO, Basil Al-Ghalayini, CEO of BMG Financial Group, ARCCI's IPO financial adviser, said, "Such results send strong signals about the economic strength of the Saudi market from a liquidity point of view and set out the solid belief by the investors in the growth opportunities within the Saudi market and in the stable conscientious policy set by the CMA."