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Emaar, $680m Saudi IPO
- Saudi Arabia: Tuesday, July 11 - 2006 at 16:20
Emaar the Economic City, a consortium headed by Dubai-based Emaar Properties which includes Saudi investors, says Saudi's Capital Market Authority has approved its initial public offering worth $679.9m. The consortium will offer a 30% stake - 255m shares - at a nominal face value of SR10 each. It will run for 10 days from 22 July 2006.
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James McInerney, News EditorTuesday, July 11 - 2006 at 16:20 UAE local time (GMT+4)
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