DUBAI, Sept 22 (Reuters) - Saudi Telecom Company
has completed the retail and institutional subscription to the
initial public offering of Arabian Internet and Communications
Services Co, raising 3.624 billion Saudi riyals ($966.35
million), STC said on Wednesday.
The telecoms company last week priced the IPO at the top of
an indicative range for its technology business, also known as
Solutions by STC.
The proceeds are before deducting all fees, expenses and
costs related to the offering, STC said in an exchange filing.
(Reporting by Yousef Saba; Editing by Clarence Fernandez)