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Bank Albilad, JODC IPO deal
- Saudi Arabia: Thursday, December 07 - 2006 at 13:13
Bank Albilad is to manage the IPO of the Jabal Omar Development Company, reported Arab News. The company, which is to develop housing for pilgrims in Mecca, is offering more than 200m shares with a total value of $533m or 30% of its capital. Prospective shareholders can acquire as many shares as they want but the minimum purchase is 50 shares.
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Jonathan Sheikh-Miller, Deputy EditorThursday, December 07 - 2006 at 13:13 UAE local time (GMT+4)
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This article was updated on Thu Dec 14 2006.
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