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Kingdom Holding IPO closer
- Saudi Arabia: Monday, August 21 - 2006 at 15:33
Prince Alwaleed bin Talal is getting closer to offering a $7bn stake in his Kingdom Holding Company in an IPO, reported the UK's Sunday Times. It is thought Alwaleed has appointed Citigroup and Saudi Arabia's Samba as lead advisors on the public offering of 30% of Kingdom Holding. The floatation could take place on the Saudi Arabian stock market inside the next three months.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 21 - 2006 at 15:33 UAE local time (GMT+4)
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This article was updated on Wed Sep 13 2006.
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