Saudi developer to raise $272m in IPO
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Saudi developer to raise $272m in IPO

Saudi developer to raise $272m in IPO

The Saudi Capital Market Authority has said that property developer Knowledge Economic City plans to raise SR1.02bn ($272m) in an initial public offering in May, Reuters has reported. The developer will offer 102 million shares at SR10 riyals each over the May 24-30 period, CMA said in a statement.

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