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Al-Tayyar plans IPO in first quarter

Dubai, November 14, 2007

Saudi Arabian travel group Al-Tayyar plans to sell a 30 percent stake in an initial public offering in the first quarter of 2008.

This was revealed by chairman Nasser Al-Tayyar in Dubai on Wednesday.  

The firm had said in 2006 it was planning an IPO, initially slated for 2007.

Al-Tayyar said the IPO was expected to raise some 550 million riyals ($146.7 million). - Reuters




Tags: IPO | Al-Tayyar | Saudi Arabian |

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