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Saudi insurers to float shares
- Saudi Arabia: Tuesday, February 27 - 2007 at 07:09
Five Saudi insurers have been the go-ahead to offer shares to the public, Bloomberg reported. The Capital Market Authority has authorised the sale of shares from 7-26 March at $2.67 each. The companies are Arab Shield Company for Co-operative Insurance, the United Saudi Company for Co-operative Insurance, Saudi Ayak Company for Co-operative Insurance, SABB Takaful and Saudi French Company for Cooperative Insurance.
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James McInerney, News EditorTuesday, February 27 - 2007 at 07:09 UAE local time (GMT+4)
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