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Article: Al-Babtain announces 11 co-managers for its SAR 324 million IPO
- Article from:
- Al Bawaba
- Article date:
- October 28, 2006
CopyrightCopyright 2006 Al Bawaba. Provided by ProQuest LLC. (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 as the financial adviser and lead ...