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Aabar IPO Opens
Saudi Press Agency Published in Saudi Press Agency on 02 - 04 - 2005

The UAE-based Aabar Petroleum Investments Company's initial public offering (IPO) opens today.
AED495 million worth of shares, representing 55 percent of Aabar's capital, would be on offer to UAE nationals and UAE companies at a nominal value of AED 1, with an additional 2 fils as subscription fees per share. The IPO closes on April 21.
A new allocation policy would be applied for the Aabar IPO that would allow both small and large investors to participate equitably, according to a press release.

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