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Article: Al-Babtain announces 11 co-managers for its SAR 324 million IPO.(Al-Babtain Power and Telecommunication Company)
- Article from:
- Middle East
- Article date:
- October 29, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. 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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Al-Babtain Power & Telecommunication Company today announced the appointment of 11 local banks as co-managers for its SAR 324 million Initial Public Offering (IPO).
The Saudi British Bank (SABB) is the sole underwriter of the IPO and also a selling agent. The other banks that are involved in selling the issue are: Banque Saudi Fransi, The National Commercial Bank, Saudi Hollandi Bank, Bank Al Bilad, The Saudi Investment Bank, Bank Al Jazira, Arab National Bank, Riyad Bank, Samba Financial Group and Al Rajhi Banking & Investment Corporation. The connectivity between all these banks has already been tested including their branches.
HSBC has been appointed ...