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FINANCIAL NEWS
Saudi Al Tayyar Travel Group to sell 30% of its share to public
13 May 2012
(MENAFN) Saudi Arabia’s Al Tayyar Travel Group (TTV) would sell 30 percent of its shares to the public, according to the issuing bank, reported Arabian Business.
The bank said that fifty percent of the issued shares would be offered to institutions, while the remaining fifty percent would be made available for individuals.
The bank elaborated saying that the total price of offered shares would hit USD364.8 million.
It is worth noting that the TTV group operates 300 branches in the Kingdom of Saudi Arabia and includes 27 travels companies under it.
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