Al Babtain IPO closes today
13th Nov 2006, 16:07 GMT
The ten day IPO for Saudi Arabia's Al Babtain Power and Telecommunication Company closes today. HSBC Saudi Arabia has said that the offering has so far been covered by 227%. At the end of Saturday, November 11, nearly 1.7m subscribers had applied for shares, with a total of $196.1m having been collected. [AMEInfo.com]
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