Financial and Banking News
Al-Rajhi Share Float To Be Launched Shortly in Saudi Arabia
The long-awaited public flotation of shares for Al-Rajhi Investment Banking Corporation will begin within one month, according to press reports last week. Shares worth a total of SR750mn are being issued, of which 45% (SR337.5mn) is being offered to the public. 50% of the new stock is retained by Al-Rajhi Company for Currency Exchange and Commerce, and 3% is reserved for the...