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Saudi firms line up IPOs
2007-08-20 - AME Info | Saudi Arabia | Latest News - Two subsidiaries of Saudi Arabia's Tiba Holding, Aqeeq Real Estate Development and the Arab Company for Tourist Regions, or Arak, are planning to raise a total of $280m in initial public offerings, reported Reuters citing the Al Riyadh Arabic newspaper. Aqeeq aims to raise $240m by offering a 30% stake, while Arak is targeting $40m from its sale of 30% of the firm.  

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