2008-04-08 - AME Info | Saudi Arabia | Latest News - Saudi Arabia-based Al Inma Bank launched a $2.8bn initial public offering (IPO)on Monday, reported Gulf News. The government-backed, Sharia-compliant bank will sell 70% of its equity in a 10-day offering open only to Saudi nationals. The IPO is the largest Saudi flotation in the kingdom's history and the Gulf's second-largest flotation, trailing last year's IPO of DP World, Dubai's ports operator.  

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