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Yansab Set to Debut on Saudi Bourse
Saudi Press Agency Published in Saudi Press Agency on 15 - 02 - 2006

Petrochemicals company "Yansab" will debut on the Saudi bourse on Monday, Feb. 20, after an initial public offering in December that was two times oversubscribed, the bourse said yesterday.
A statement posted on the website said the share would be included in its indices "once the price has stabilized". It did not elaborate.
Saudi Basic Industries Corp. (SABIC) offered 39.4 million shares, or 35 percent, in its subsidiary Yanbu National Petrochemicals Company (Yansab) for SR50 riyals ($13.3) each. The IPO closed on Dec. 29.

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