Head of the Capital Market Authority yesterday announced that the initial public offering of shares in the newly established Saudi mobile phone company led by UAE Etisalat is to commence 16 October.
The public offering at the Etisalat Consortium continue for ten days, during which shares will be available for purchase via all banks operating in the Kingdom, according to a press statement published today.
The statement said that twenty million shares would be on offer, with no tagged price on shares. There will be a limit of 10,000 shares per person, in order to enable small investors to purchase shares.
Source: SPA
