i2 set for 2008 IPO
- Saudi Arabia: Saturday, December 29 - 2007 at 08:55
Dr Karim Al Solh, the CEO of Abu Dhabi based private equity firm, Gulf Capital, which owns a 15% stake in Saudi Arabian mobile phone retailer i2, has said the telco firm is set for an initial public offering (IPO) late in 2008, reported Gulf News. Al Solh said the Saudi Capital Markets Authority will regulate on how much of the firm can be sold in the IPO.
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