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FINANCIAL NEWS
CPC plans IPO in months
23 Jan 2014
(MENAFN) Saudi Arabia’s Construction Products Holding (CPC) is planning an initial public offering (IPO) within months, Arabian Business reported.
CPC’s chief executive said: “The IPO is happening before June this year. The plan is to float 30 percent.”
The company, which deal in building materials and services, and has annual sales of around USD2.7 billion, is part of the Saudi Binladin Group.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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