Saudi prince offering the keys to the Kingdom

Saudi prince Al-Waleed bin Talal’s Kingdom Holding plans to sell shares to individuals in an initial public offering (IPO) that values the company at as much as $17.6 billion, according to informed sources.’

7th July, 2007

Saudi prince Al-Waleed bin Talal’s Kingdom Holding plans to sell shares to individuals in an initial public offering (IPO) that values the company at as much as $17.6 billion, according to informed sources.’

Kingdom will sell shares for between 10.25 riyals ($2.73) to 10.5 riyals each, after money managers sought more than twice the stock offered to them, said the sources, who declined to be identified because the information is private.

Shares in Kingdom, which is...

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