Riyadh-Rabigh Refining and Petrochemical Co.'s (PetroRabigh) 4.6-billion riyals initial public offering was nearly four times oversubscribed at its close on 12 Jan. (PCN, 14 Jan 08, p 3). PetroRabigh, an equally-owned venture of Saudi Aramco and Sumitomo Chemicals, sold a 25% interest, or 219-million shares, to Saudi nationals. The company said more than 5.4-million Saudi investors offered 16.02-billion riyals, while institutional investors offered a minimum of 6.8-billion riyals.
展开▼
