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Saudi media group shares debut
- Qatar: Tuesday, May 16 - 2006 at 08:47
Shares of media group Saudi Research & Marketing Group surged 106% on debut on the Saudi stock market on Monday. The firm had floated 30% of its capital worth $214m in an IPO which was four times oversubscribed. Shares were offered at SR46 in the IPO. The stock closed at SR95 after opening up at SR90.
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James McInerney, News EditorTuesday, May 16 - 2006 at 08:47 UAE local time (GMT+4)
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