No. 20



Syria Allows $136Mn Share Flotation Of Private Company

The Syrian Government has allowed a private company - the Saudi-Syrian Cement Company - to offer 69% of its shares worth some $136mn to the public in Syria and Lebanon though state-owned Syrian banks. A spokesman of the company, which is owned by Saudi and Syrian businessmen, said that his firm is also seeking to test its shares on the Beirut, Cairo and other Gulf bourses. Syria has no stock...