Riyadh – Mubasher: The subscription in Zahrat Al Waha shares reached 43.3% of total shares for retail investors by the end of the third subscription day, namely 16 August, Saudi Fransi Capital said on Wednesday.

The 900,000 shares for retail investors make up 30% of the initial public offering's (IPO) total shares, which are 4.5 million, according to the firm's statement.

Subscribers reached 13,323 by the end of the third day, pumping SAR 19.8 million through 389,850 shares.

The subscription in Zahrat Al Waha shares will last for eight days to end on Sunday, 20 August, at SAR 51 per share.