National Commercial Bank (NCB), Saudi Arabia's largest lender by assets, is seeking to sell a 15 percent stake on the Saudi Stock Exchange in the fourth quarter, according to two people familiar with the matter. Other companies planning share sales amid the Tadawul's surge include ACWA Power International, a Saudi Arabian energy producer, which earlier this year hired Saudi Fransi Capital to advise on a sale that could raise as much as $1.1 billion, two people with k**wledge of the matter said. Samba Financial Group (SAMBA) in February said it was appointed financial adviser for an offering of shares in the cargo unit of Saudi Arabian Airlines, while Tadawul chief executive ******r Adel Al Ghamdi said in May that the stock exchange was also planning to go public.
09-08-2014, 01:35 AM
NCB, others planning to launch IPOs soon
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