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SRMG launches $300m IPO
- Saudi Arabia: Monday, April 03 - 2006 at 09:33
Despite the recent stock market crash, the Saudi Research & Marketing Group will open its $300m initial public offering on April 8, executive VP Azzam M. Al Dakhil told Al Arabiya TV. He said SRMG was the first company to go public after the recent decision taken by the Capital Market Authority that split nominal share values from SR50 to SR10 per share to boost stock market liquidity.
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Peter J. CooperMonday, April 03 - 2006 at 09:33 UAE local time (GMT+4)
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