Financial and Banking News
New Share Flotation for Saudi Investment Company
A public share issue for al-Baha Investment and Development Company was dueto start on 18 April. Shares with a nominal value of SR120mn ($32mn) are beingoffered, and investors are being asked to subscribe 25% immediately in cash. Agroup of 101 founding shareholders have already purchased shares valued atSR25mn, paying 25% in cash. The company will be based in the southern...