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Al-Mojil receives ‘Best IPO Campaign' award
Published in The Saudi Gazette on 05 - 06 - 2008

Mojil Group (MMG) received the “Best IPO Media Campaign” award for its recent IPO at the 2008 ‘Arabian Business' Saudi Achievement Awards in Riyadh.
The company's campaign was praised for its clear objectives, well-articulated corporate plans, strong competitive positioning and growth strategy.
“We are very proud to receive the Best IPO Media Campaign award. This is another illustration of MMG's employees delivering the highest quality of services,” said Fahad Al-Raqtan, managing director and member of the Board of Directors.
The IPO is a significant step for MMG as it will allow the Saudi public and institutional investors to participate in the success of the company. The subscriptions numbered 98.9 million shares in retail and institutional tranches. While approximately 2.8 million retail investors subscribed and the total proceeds reached SR2.9 billion.
Approved institutional investors subscribed for 58.1 million shares with proceeds amounting to SR4.1 billion. Total proceeds from the retail and institutional tranches reached SR6.9 billion, covering over three times the entire IPO.


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