VOL. XLV

No 24

17-June-2002

SAUDI ARABIA

GIB To Be Financial Advisor ForSaudi Telecom Flotation

Gulf InternationalBank (GIB) announced that it has been chosen by the Saudi Ministry of Finance痴Public Investment Fund to advise on the partialflotation of shares in the Saudi Telecommunications Company (STC) (MEES, 10 June). The initial publicoffering (IPO) will be handled by GIB痴 corporatefinance division in Riyadhand is expected to take place later in the year. This will be the first majorIPO in...