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Al-Khodari to launch IPO on Oct. 4

Saudi-based Al-Khodari and Sons Co has said its initial public offering is set to begin on October 4, Reuters has reported. The Khobar based construction firm plans to sell 12.75 million shares, or 30% of its capital to the public at SR48 ($12.80) each, valuing the contractor at SR2.04bn ($544m).