2008-04-10 - AME Info | Saudi Arabia | Latest News - Saudi Arabia's Alinma Bank said yesterday its initial public offering, the kingdom's largest ever, raised about 3.91 billion riyals by the second subscription day, reported Reuters. The bank is seeking to sell 1.05 billion shares at 10 riyals each in the April 7-16 IPO. The sale represents 70 per cent of the new bank's capital. The sale is open only to Saudi nationals who will have to buy at least 50 shares each. <BR>  

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