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Saudi retailer $32m IPO
- Saudi Arabia: Tuesday, August 22 - 2006 at 07:55
Saudi retail franchiser Fawaz A Al Hokair Group will float 30% of its capital in an intial public offering worth $32m from 7-16 October 2006, reported Arab News. The offer will be for 12m shares at $2.66 each, with an allocation of 25 to 25,000 shares. HSBC and Saudi British Bank are the financial advisers, lead managers and underwriters.
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James McInerney, News EditorTuesday, August 22 - 2006 at 07:55 UAE local time (GMT+4)
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