Middle East Economic Survey
VOL. XLIX
No 3
16-January-2006
SAUDI ARABIA
Yansab IPO Closes 2.8 Times Oversubscribed
The initial public offering (IPO) of SR2bn ($533mn) for the Yanbu' National Petrochemical Company (Yansab) closed 2.8 times oversubscribed on 29 December 2005, announced lead bank and IPO financial advisor Samba Financial Group on 2 January. More than 8.9mn Saudis subscribed, for a total amount of SR5.675bn ($1.51bn). According to the latest statistics from Samba, 38% of total...
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