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Dar Al Arkan IPO progress
- Saudi Arabia: Sunday, December 09 - 2007 at 08:48
Samba Financial, the arranger of Saudi Arabian real estate firm Dar Al Arkan's initial public offering (IPO), has said investors had offered 81% of the $888m the company is seeking by last Tuesday, December 4, reported Reuters. The IPO, which offered more than 59m shares, or around 11% of the company's stock, closed yesterday, December 8. The IPO valued Dar Al Arkan at around $8.1bn.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 09 - 2007 at 08:48 UAE local time (GMT+4)
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