GIB has several mandates to arrange IPOs in the kingdom, among them the sale of shares in Ajlan Abdulaziz al-Ajlan & Brothers, due to come to market in the third quarter of 2006, and Al-Rabie Saudi Foods Company. Also due in 2006 are the offering of shares in Saudi Research & Marketing Companyand in poultry firm Al-Akhawain, both being arranged by Samba Financial Group, and in Al-Obeikan Industrial Investment Group, being managed by Saudi Hollandi Bank.

HSBCand local affiliate Saudi British Bankhave the mandate to arrange the sale of 30 per cent of shares in Al-Babtain Power & Telecommunication Company, also likely to take place in 2006, and in Aldrees & Sons Company. Shares in Saudi Arabian Mining Company (Maaden)and National Commercial Bankhave long been due to be publicly issued, but the timing remains uncertain.