VOL. XLV
No 51/52
23/30-December-2002
SAUDI ARABIA
Modest Initial Response To STC Flotation, But Bankers Still Expect Oversubscription
The flotation of 90mn shares (30%) of Saudi Telecommunications Company (STC) which was launched on 17 December and ends on 6 January, has so far elicited a modest response from investors as local bankers had anticipated. Investors are expected to wait until the last week of the three week process before committing themselves to taking part in what is the largest...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!