Saudi Arabia's PetroRabigh IPO oversubscribed

Saudi Arabia's Rabigh Refining and Petrochemical Company (PetroRabigh)'s SR4.6 bln riyals ($1.23 bln) IPO has been 21% oversubscribed midway through the offer period. Over 2.86 mln Saudi investors had offered at least 5.6 bln riyals by Tuesday's close, PetroRabigh. The sale will end on Jan. 12. PetroRabigh, a $10 billion joint venture between Saudi Aramco and Japan's Sumitomo Chemicals, is selling 219 mln shares, representing a 25% stake, to Saudi nationals at 21 riyals each.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha