Saudi Arabia: Three More Insurers Launch IPO

April 2008
MiddleEast Insurance Review;Apr2008, p22
Trade Publication
The article reports on the on the launch of initial public offerings (IPOs) by Saudi Reinsurance Co., BUPA Arabia for Cooperative Insurance company and United Co. for Cooperative Insurance in Saudi Arabia in March 2008. According to the Capital Market Authority (CMA), these offerings are designed to raise a total of $170.7 million. Moreover, it cites that Saudi Reinsurance offers 40 million shares, while BUPA and United provide 16 million and 8 million, respectively.


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