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MMG to launch IPO
- Saudi Arabia: Wednesday, March 12 - 2008 at 13:34
Saudi Arabian contractor Mohammed al-Mojil Group (MMG) has announced that it will stage an initial public offering (IPO) of 30% of its shares in May. The offering will open on 3 May and will last nine days. A portion of the shares will be set aside for institutional investors. MMG specialises in onshore and offshore oil and gas and petrochemicals projects in the kingdom. HSBC Saudi Arabia Limited has been appointed the Financial Advisor and Lead Manager for the IPO.
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Jeff Florian, Senior ReporterWednesday, March 12 - 2008 at 13:34 UAE local time (GMT+4)
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