Saudi Arabia’s regulator approves sale of 30 percent of Electrical Industries in an IPO

21/09/2014 Argaam

Saudi Arabia’s Capital Market Authority, the stock market regulator, has approved the initial public offering of 31.5 million shares, or 30 percent, of Electrical Industries Co. (EIC) from Nov 11 to Nov 17.

 

Part of the shares will be allocated to investment funds and authorized persons. 

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