Maaden to raise $2.46bn in IPO
Saudi Arabia: Tuesday, May 13 - 2008 at 10:48
Saudi Arabian Mining Company (Maaden) plans to sell 50% or 462.5 million of its shares for SR9.25bn ($2.46bn) at an initial public offering in July, reported Arab News. The shares will be sold at the rate of SR20 per share, including SR10 premium, during the July 5-14 IPO.
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Jeff Florian, Senior ReporterTuesday, May 13 - 2008 at 10:48 UAE local time (GMT+4)
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