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...
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