Publication Date:
Tue, 2008-07-22 03:00
JEDDAH: Astra Industrial Group announced yesterday that it would sell 30 percent its shares in an initial public offering (IPO) that begins on Saturday. The price of an Astra share has been fixed at SR42 including a SR32 premium.
Khalid Al-Gwaiz, the company’s CEO, described Astra as one of the leading industrial firms in the Arab world. However, the Saudi market accounts for 74 percent of its sales, he pointed out.
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