Al-Ahsa says it holds 1.06% indirect stake in SGS

28/05/2015 Argaam

Al-Ahsa Development Company, which invests in Saudi Arabia’s industrial sector, said that it currently holds a 1.06 percent indirect stake in Saudi Ground Services Company (SGS), before the latter's planned initial public offering.

 

Al-Ahsa’s minor share in SGS is through its five percent interest in National Aviation Ground Support Company (NAGS), which holds a 21 percent stake in SGS.

 

SGS plans to offer 56.4 million shares, representing 30 percent of its capital in an IPO from June 3 to June 9, according to data compiled by Argaam.

 

The financial impact of SGS’ offering will be determined based upon the issuance premium, Al-Ahsa said in a filing to Tadawul.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read