Announcement

Monday, June 22, 2009

Saudi Steel Pipes to raise SAR 400 million in IPO

Arabianbusiness.com reported that Saudi Steel Pipes Co will seek to raise SAR 400 million (USD 106.7 million) from the sale of a 31.4% stake in an IPO which starts on Saturday.

Saudi Steel Pipes Co said that it will sell 16 million new shares to local investors at SAR 25 riyals each. The

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