Financial and Banking News


Saudi Cable Company Goes Public

The Saudi Cable Company (SCC) went public at the end of April with 30% of its equity capital - worth some SR134mn ($35.7mn) - being offered to new investors in Saudi Arabia and the other Gulf Cooperation Council (GCC) countries, the company's President and Managing Director, Mr. Omar Khalifati, has disclosed. Mr. Khalifati said that some 100 to 200 investors are to be offered a stake in the company, in...