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Almarai to Be Listed on Monday
Saudi Press Agency Published in Saudi Press Agency on 02 - 07 - 2005

Almarai Company is likely to be listed on the Saudi Stock Exchange on Monday, Al-Eqtisadiah business daily reported yesterday quoting high-level sources.
The Capital Market Authority has not fixed the maximum fluctuation rates for Almarai shares, the sources pointed out. Based in Riyadh, the joint stock company has a capital of SR750 million. The company floated 4.5 million shares from a total of 15 million shares last month for public subscription. The flotation was oversubscribed four times, drawing more than SR9.23 billion within 10 days, according to Arab News newspaper.

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