Saudi Arabia’s NCB Rises 10% in Trade Debut After $6 Billion IPO
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National Commercial Bank jumped the most allowed on its trading debut after raising $6 billion in the Middle East’s largest share sale.
Shares of Saudi Arabia’s largest bank by assets climbed 10 percent to 49.5 riyals at the close in Riyadh. The Tadawul All Share Index, the kingdom’s main measure, lost less than 0.1 percent.