19 Mar 2012
(MENAFN) Mohamed El Mardi, Managing Director of the Sudan-based sugar company, Kenana, said that the company is planning an Initial Public Offering in Hong Kong that would raise USD200 million, reported Reuters.
The IPO comes as the company plans to increase its annual production capacity by over a million tons.
The director noted that Hong Kong was a logical place to list Kenana because of growing Chinese investor interest in Sudan’s agricultural sector.
It is worth mentioning that Kenana is now owned mostly by Kuwait, Saudi Arabia and Sudan.
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