VOL. XXXVI

NO. 35

31 MAY 1993

Financial and Banking News

CAPITAL MARKETS

Saudi Al-Ahsa Development Company Will Start Share Float On 12 June

The al-Ahsa Development Company will begin a SR300mn ($80mn) shareflotation on 12 June. Founding shareholders will take 1.1mn of the shares, whichwill be priced at SR100 each, with the remaining 1.9mn being available to thepublic. The company has plans for various projects in the Eastern Region ofSaudi Arabia. The most recent public flotation in the Kingdom...