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Sipchem to float 30% in IPO
- Saudi Arabia: Wednesday, August 16 - 2006 at 08:45
Saudi International Petrochemical Company will offer 30% of its capital in an initial public offering set for 9 September 2006, according to Arab News. The float will be for 45m shares. Sipchem's total share capital is SR1.5bn, made up of 150m fully paid ordinary shares with a nominal value of SR10 each. The National Commercial Bank is financial adviser, lead manger and underwriter.
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James McInerney, News EditorWednesday, August 16 - 2006 at 08:45 UAE local time (GMT+4)
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