Nov 02 2007 |
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Two Saudi IPOs oversubscribed
Two of the three Saudi insurance firms which launched their IPOs said that subscription largely exceeded the offered shares.The companies said they had collected a combined value of SR788 million (Dh773.7m). Subscribers in Trade Union Cooperative Insurance Company pumped nearly Dh496.6m, while in Al Sagr Cooperative Insurance Company they pumped about Dh277.1m.
© Emirates Today 2007
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