Middle East Economic Survey
Saudi NCCI To Launch Initial Public Offering
The Saudi Government will sell 70% of its shares in the National Company for Cooperative Insurance (NCCI) through an initial public offering (IPO) starting on 21 December. The seven million shares on sale include 50% of NCCIs capital owned by the Public Investment Fund and 20% owned by the General Organization for Social Insurance and the Pensions Corporation. The two...