More than 10 million Saudis purchased shares of Emaar Economic City (EEC) as the 10-day initial public offering drew a record number of subscribers, the Saudi Capital Market Authority (CMA) announced Sunday.
“Shares will be distributed among the subscribers as follows: One member 25 shares, two 51, three 77, four 102, five 128, six 153 and seven 179 shares,” the CMA said.
