Middle East Economic Survey

VOL. XLVIII

No 49

5-December-2005

SAUDI ARABIA

SABIC To Launch $533Mn Yansab IPO By Early 2006

Saudi Basic Industries Corporation (SABIC) will launch a SR2bn ($533mn) initial public offering (IPO) in its planned Yanbu' National Petrochemicals Company (Yansab) subsidiary by early 2006, its chief financial officer Mutlaq al-Morished announced on 26 November. Samba Financial Group was appointed financial adviser for the IPO. SABIC will offer Saudi investors...