Wednesday 01, July 2009 by

Saudi IPO soars for SSP

GIB Financial Services (GIBFS), a subsidiary of Gulf International Bank (GIB), announced today that as of close of business on Monday, 29 June 2009, the retail tranche of the initial public offering (IPO) of Saudi Steel Pipe Company (SSP) had been covered by 150 per cent of the maximum offering to retail investors, which constituted up to 7.65 million shares, representing a maximum of 50 per cent of the offering to the public.

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