Riyadh – Mubasher: The subscription in Zahrat Al Waha shares reached 267% of total shares for retail investors by the end of the eighth subscription day on 21 August, Saudi Fransi Capital said on Monday.

The 900,000 shares for retail investors make up 20% of the initial public offering's (IPO) total shares, which are 4.5 million, according to the firm's statement.

Subscribers reached 49,100, pumping SAR 122.5 million, through 2.4 million shares, by the end of 21 August.

The subscription in Zahrat Al Waha shares amounted to SAR 51 per share.