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27 Feb
15:13

Bena Steel carries out IPO

Steel processor Bena Steel Industries Company (BSIC) is carrying out an initial public offering on Saudi Arabia’s “Nomu” parallel stock market, Kallanish notes. Yaqeen Capital Company, which is advising on the IPO, says in a stock exchange notice that the offering for the total of 600,000 ordinary shares representing 12% of BSIS shares has been fully subscribed. The price range was set at between SAR 50 and 52 per share, and each quali…
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