08 July 2007
Private Saudi firm Trade Union Insurance Company plans to raise SR105 million from the sale of 42 per cent of its shares in an initial public offering in 2007, a newspaper reported yesterday.
The Khobar-based firm will sell 42 per cent of its capital, which stands at SR250m, Al Jazeera quoted the firm's managing director Muhannad Abbas Abdul-Jalil as saying.
Private Saudi firm Trade Union Insurance Company plans to raise SR105 million from the sale of 42 per cent of its shares in an initial public offering in 2007, a newspaper reported yesterday.
The Khobar-based firm will sell 42 per cent of its capital, which stands at SR250m, Al Jazeera quoted the firm's managing director Muhannad Abbas Abdul-Jalil as saying.
Emirates Today 2007
