Trade Arabia reports that Al Rahji Steel is preparing a $3 billion IPO for the Saudi Stock Market using the financial services of French financial giant BNP Paribas.
The report notes that the timing of the IPO is still unclear.
The $3 billion will finance a new steel complex north of Jeddah at the King Abdullah Economic City (KAEC).
The report notes that the timing of the IPO is still unclear.
The $3 billion will finance a new steel complex north of Jeddah at the King Abdullah Economic City (KAEC).
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