Apr 10 2012
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Saudi-based Riyad Capital working on 3 IPOs and a sukuk
City Cement Company and National Medical Care Company are two IPOs expected in 2012, while the third could take place in 2013. The kingdom has witnessed two IPOs so far this year, according to Zawya's IPO Monitor.
The person said Riyad Capital is working on closing a sukuk private placement in the coming weeks. The kingdom witnessed abundant sukuk issuance in the first quarter of 2012, according to Zawya's Sukuk Monitor, with a total of USD 6.4 billion issued.
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