Saudi group plans IPO
United Arab Emirates: Thursday, November 15 - 2007 at 11:14
Al-Tayyar Travel Group, Saudi Arabia's largest privately owned travel firm, plans to raise about 550 million riyals ($146.7m) in an initial public offering, reported Reuters. The firm plans to sell 30% of its shares in the IPO, which is planned before April, to help finance acquisitions.
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Jeff Florian, Senior ReporterThursday, November 15 - 2007 at 11:14 UAE local time (GMT+4)
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