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Article: IPO activity to pick up.(SAUDI ARABIA)(initial public offering)(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- August 26, 2005
CopyrightCOPYRIGHT 2005 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Gulf International Bank (GIB) has been appointed to advise on the initial public offering (IPO) of shares in food company Halwani Brothers. Kayan Petrochemical Company, the project company for the Jubail petrochemicals complex planned by the local Project Management & Development Company (PMD), has also announced plans to stage an IPO in the fourth quarter of 2005.
GIB has several mandates to arrange IPOs in the kingdom, among them the sale of shares in Ajlan Abdulaziz al-Ajlan & Brothers, due to come to market in the third quarter of 2006, and Al-Rahie Saudi Foods Company. Also due in 2006 are the offering of shares in Saudi Research & Marketing Company and in ...