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Saudi Arabian Mining Company Plans IPO

Saudi Arabian Mining Company (Maaden) plans to sell 50% or 462.5 million of its shares for SR9.25bn ($2.46bn) at an initial public offering in July, reported Arab News. The shares will be sold at the rate of SR20 per share, including SR10 premium, during the July 5-14 IPO. via ameinfo.com End Post

posted by bizzwhizz at 8:15 PM

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