The fifth day of the initial public offering (IPO) of Mohammad Al-Mojil Group (MMG) generated SR1,322,533,800, HSBC Saudi Arabia Limited, its financial advisor and lead manager for the IPO, said on Thursday. At the end of Wednesday, applications had been received from 1,245,727 subscribers, which covered 210 percent of the initial allocation to the retail tranche of the IPO and 90 percent of the maximum allocation to the retail tranche of 21 million shares. __
