The only other regional firms to rank globally – Etisalat, STC, Emirates and Qatar National Bank – then round out the top five.
The company priced its IPO at 26 riyals per share, the document said, confirming an earlier Reuters story, and compared with a price range of 26 to 33 riyals per share for the sale of 95 million shares.
This is because under the current loan-to-value requirements in the UAE, the majority of buyers find it difficult to raise bank finance, and establish a foot on the ladder, due to hefty deposits and fees required, it added.
Abu Dhabi's state fund Mubadala has a minority stake in Waha Capital and Abu Dhabi Investment Council, a unit of Mubadala, is a shareholder in Gulf Capital.
Elsewhere in the Gulf, trading volumes were much-thinner, as it had been witnessed on Saudi stock exchange, while Abu Dhabi index fell by 0.3 percent and the Dubai was down by 0.2 percent at the day’s market closure.