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Saudi Kayan $1.8bn IPO
- Saudi Arabia: Thursday, April 12 - 2007 at 07:00
Saudi Kayan Petrochemical has won approval from the Capital Markets authority market regulator to sell $1.8bn of shares in an initial public offering, Reuters reported. The company will offer 45% of its share capital by selling 675m shares at $2.67 each between 28 April and 7 May. The issue is only open to Saudi nationals.
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James McInerney, News EditorThursday, April 12 - 2007 at 07:00 UAE local time (GMT+4)
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This article was updated on Wed May 02 2007.
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