Saudi set for five IPOs
Saudi Arabia: Saturday, October 06 - 2007 at 07:23
Saudi Arabia's Capital Market Authority (CMA) has given approval to five firms to launch initial public offerings (IPO), with a total of around 38.9m shares on offer, reported Gulf News. The subscription period will be from October 27 to November 12 and the five companies are the Commercial Union for Cooperative Insurance, Al Saqr for Cooperative Insurance, Arabian Cooperative Insurance, Al Khaleej Training and Education and Middle East Specialised Cables.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, October 06 - 2007 at 07:23 UAE local time (GMT+4)
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