Thursday 17 April 2014
 
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SITC

Liquidation of Saudi Integrated Telecom ordered

Saudi retail investors face hefty losses after a royal decree ordered the liquidation of Saudi Integrated Telecom Co (SITC), which floated its shares in an initial public offer (IPO) in 2011 but never started ope

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SITC $80m IPO twice oversubscribed

Saudi Integrated Telecommunications Co's (SITC) $80 million initial public offering, this year's first IPO on the biggest Arab bourse, was nearly twice oversubscribed, according to official figures. The 300 million riyal ($80 million) IPO

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AlBilad, SITC ink IPO agreement

AlBilad Investment, an Islamic investment banking firm, signed an agreement with Saudi Integrated Telecom Company (SITC), according to which AlBilad will be the IPO manager and the main underwriter for SITC’s initial public offering. SITC

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Saudi Integrated Telecom in IPO deal

AlBilad Investment, an Islamic investment banking firm, signed an agreement with Saudi Integrated Telecom Company (SITC), according to which AlBilad will be the IPO manager and the main underwriter for SITC’s initial public offering. SITC

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