Arabian Contracting Services to go public June 10

13/05/2015 Argaam

Arabian Contracting Services Company will offer 16,500,000 shares, or 30 percent of its capital in an initial public offering (IPO) set to take place June 10-16.

 

A portion of the offered shares will be allocated to institutional investors.

 

Saudi bourse regulator, the Capital Market Authority, (CMA) has approved the offering, pending the book-building process and remaining regulations.

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