The offering, which will consist of 24.6 million shares, will be sold to the public between June 18-24, following a period of bookbuilding which will decide the price which prospective investors will pay.
May 27, 2012 5:36
King Abdullah has ordered a crackdown on manipulation of Saudi Arabia's booming stock market, insisting action should be taken if necessary against improper trading by members of the royal family, the daily Alsharq newspaper reported on Monday.
April 9, 2012 5:00
Saudi Arabia's long-awaited opening of its stock market to foreigners will be "gradual", the country's capital market regulator said on Tuesday.
April 3, 2012 4:34
Kuwait named three new commissioners to the Gulf Arab state's fledging Capital Markets Authority (CMA), state news agency KUNA said, ending a protracted dispute.
March 5, 2012 1:33
Saudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stock's issued share capital, two industry sources said.
December 10, 2011 4:21