City Fanar, USD153m share issue
Saudi Arabia: Tuesday, May 25 - 2004 at 08:43
Saudi Arabian property developer Rikaz has held a USD153m Musahamat subscription for 32,983 shares in phase two of its flagship waterfront project the City Fanar in Al Khobar. The shares cost USD4,642 each and Rikaz expects a 50 per cent return for buyers over a maximum of 24 months.
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Peter J. CooperTuesday, May 25 - 2004 at 08:43 UAE local time (GMT+4)
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