Lead associate on the transaction, Mike Taylor in Dubai comments,
"This deal is significant not just due to its size and the profile of the company involved. This is the third Saudi IPO where an institutional offer and book building structure has been adopted, Clifford Chance Dubai having advised on the previous two such IPOs of United International Transportation Company and Saudi Vitrified Clay Pipe Company. This demonstrates that we are at the forefront of developments and confirms our pre-eminence in the Saudi IPO market."
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Posted by Anne-Birte Stensgaard, Senior News Editor
