Initial Public Offering
News:
December 13, 2005 – The Capital Market Authority of Saudi Arabia publicly announced its approval for the initial public offering of 30% of outstanding shares of the Company, with the subscription period between January 21 to 30, 2006. The IPO price of SAR185 per share reflects a premium of SAR135 per share over par value of SAR50 per share. Advisor to the IPO is HSBC Saudi Arabia Ltd. The Lead Bank Manager is Saudi British Bank and Co-Managers are Saudi Hollandi Bank, SAMBA Financial Group and the National Commercial Bank.
Downloads:
Acrobat Reader 5.0 or higher version is required to view the above information. Download Adobe Acrobat reader here.
For further inquiries, please e-mail: shares@aldrees.com
|