Saudi Integrated Telecoms gets regulator approval for IPO

11 April 2011

Saudi Integrated Telecoms Co has received the stock market regulator's approval for the first initial public offering on the biggest Arab bourse this year to be completed in the second quarter, Reuters has reported. The firm will offer 35% of its shares, 5 million of which will be allocated to the General Organisation for Social Insurance, the capital markets authority said.

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