Saudi regulator approves share sales for Bawan, Astra Food
date:Nov 06, 2013
n agriculture, manufacturing and real estate.

The value of the shares in both sales will be determined by a bookbuilding process involving institutional investors prior to formal offer periods, when retail investors will be allowed to subscribe at a set price.

The CMA's statements did not mentioned any arranging banks for the sales, which will be the fifth and sixth listings in Saudi Arabia this year and the first since AIG-ANB Cooperative Insurance Company in late-May.
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