Publication Date:
Thu, 2005-07-28 03:00
JEDDAH, 28 July 2005 — The Babtain Company for energy and communication, a closed joint-stock company, will float 30 percent of its stocks by the end of 2005, the Al-Youm newspaper reported. It signed a contract with HSBC Group for financial services and The Saudi British Bank as financial adviser for the company and manager for the general underwriting. The chairman of the company, Muhammad Babtain, said that more details would be revealed soon.
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