18 Jul 2010
(MENAFN) Al Jouf Cement has announced plans to raise $173.3 million by selling new and existing shares to the Saudi public, with over half of the proceeds going to the founders of the firm which started operations in May, Reuters reported.
Over the July 19-25 period, Al Jouf will offer Saudi investors 27.9 million new shares and 37.1 million existing shares at $2.67 each to raise the total number of its shares to 130 million, the listing prospectus showed.
About 55.5 percent of the IPO’s proceeds will go to founding shareholders who include at least one member of the Saudi royal family and other investors such as KSB Capital Group, which is also acting as the financial adviser for the listing.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more