Newspaper: EIC may price stock in SAR 45-54 range

22/10/2014 Argaam

The Electric Industries Company (EIC) may float its stock on the imminent initial public offering in the SAR 45-54 range, Aljazira newspaper reported.
 

The company plans to float 13.5 million shares, 30 percent of its capital, in an initial public offering on November 11-17 having secured regulatory approvals.

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