VOL. XLV

No 18

6-May-2002

SAUDI ARABIA

Saudi痴 STC Plans Partial Float On Saudi Stock Exchange

Saudi Arabia痴 telecom giant, Saudi Telecommunications Company(STC), is planning to float some of its shares on the Saudi stock exchange verysoon, STC chairman Khalid al-Milhimsaid on 25 April, noting that the company is waiting for the go-ahead from therelevant authorities. The company, which has a monopoly on Saudi痴 telephone,mobile and internet services, made the announcement shortly after publishing...