$860m Kingdom IPO set

Saudi Arabia: Thursday, July 05 - 2007 at 06:34

Prince Alwaleed bin Talal's Kingdom Holding will open its $860m initial public offering on 10 July 2007, Arab News reported. The company will sell 5% of its capital through 315m shares at SR10.25 per share. The float is open to Saudi nationals and institutional investors, with share allotment to be 50:50. Samba Financial Group is financial adviser and lead manager and underwriter.

James McInerney James McInerney, News Editor
Thursday, July 05 - 2007 at 06:34 UAE local time (GMT+4)

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