VOL. XLV

No 45

11-November-2002

SAUDI ARABIA

STC To Launch IPO On 17 December

The Saudi General Investment Authority (SAGIA) has agreed to postpone the initial public offering (IPO) of a 30% share in the Saudi Telecommunications Company (STC) by a week, following a request from a number of banks for more time to prepare for the launch. The IPO will therefore take place in the second half of December as previously reported (MEES, 4 November), with the launch date expected to be 17 December. A 20%...