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Alinma Investment Co. was named “IPO Manager of the Year 2018” in Saudi Arabia, in recognition of its successful management of the IPO of the National Company for Learning and Education.

Alinma was granted the honor by the panel of Argaam Recognition Award (ARA) based on the factual performance of the company during the period of assessment.

The winning IPO was 327 percent oversubscribed, the highest percentage realized in the Saudi Stock Market (Tadawul) in 2018.

Argaam Recognition Award is a formal recognition of professional performance, aimed to incentivize financial firms, fund managers and IPO managers to pursue the highest performance indicators (KPIs) and industry best practices.

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