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Hail Cement To Raise $130M In IPO

Saudi Arabia’s Hail Cement is looking to raise $130 million in an initial public offering.

    Saudi Arabia’sHail Cementis looking to raise $130 million in an initial public offering (IPO),Trade Arabiareports.GIB Financial Services, a subsidiary of海湾国际银行, will act as financial adviser for the offering.

    The per share value of the issue is $ 2.66. The subscription for the IPO will open on September 20 and close on September 26.

    Click here for the story fromTrade Arabia.

    Click here for additional coverage fromCPI Financial.

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