2007-08-15 - AME Info | Saudi Arabia | Latest News - Gulf General Insurance Company (GGI) has announced that it plans to float eight million shares worth $21.3m, an amount representing 40% of its share capital, Khaleej Times reported. The company has designated the Saudi Hollandi Bank as its financial adviser and arranger for the initial public offering of its shares on the Saudi stock exchange. The IPO is expected in 2008 pending regulatory approval.  

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