Saudi Kayan Petrochemical to sell off $1.8bn of shares

Kovac, Matt
May 2007
ICIS Chemical Business Americas;5/7/2007, Vol. 271 Issue 18, p16
Trade Publication
The article reports that Saudi Kayan Petrochemical launched a $1.8 billion share sale, which is the second-largest initial public offering (IPO) in the Gulf region. The IPO is equivalent to 45% of Saudi Arabia's share capital and is restricted to Saudi nationals. Saudi Kayan is also planning an ethane-butane mixed-feed cracker with capacity of 1.3m tonnes/year.


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