Financial and Banking News
NewSaudiConstructionCompanyTo Raise $125mn In Share
A new Saudi construction company istooffernewshares
worth SR470mn ($125mn) through apublic subscription in October.ShareswillbepricedatSR100 each.Founding
shareholders in Arriyadh DevelopmentCompanyhavealready subscribed SR530mn ($141mn).The company's main activities
will include building houses andcommercialpropertiesin the center of Riyadh.