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SITC shareholders to get compensationSaudi Arabia's King Abdullah has instructed authorities to pay compensation worth SR1.05 billion to shareholders of the Saudi Integrated Telecom Company (SITC) after it was declared bankrupt, an Arab News report said. Sharehol More… |
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Liquidation of Saudi Integrated Telecom orderedSaudi retail investors face hefty losses after a royal decree ordered the liquidation of Saudi Integrated Telecom Co (SITC), which floated its shares in an initial public offer (IPO) in 2011 but never started ope More… |
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SITC $80m IPO twice oversubscribedSaudi Integrated Telecommunications Co's (SITC) $80 million initial public offering, this year's first IPO on the biggest Arab bourse, was nearly twice oversubscribed, according to official figures. The 300 million riyal ($80 million) IPO More… |
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Saudi Integrated Telecom in IPO dealAlBilad Investment, an Islamic investment banking firm, signed an agreement with Saudi Integrated Telecom Company (SITC), according to which AlBilad will be the IPO manager and the main underwriter for SITC’s initial public offering. SITC More… |
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AlBilad, SITC ink IPO agreementAlBilad Investment, an Islamic investment banking firm, signed an agreement with Saudi Integrated Telecom Company (SITC), according to which AlBilad will be the IPO manager and the main underwriter for SITC’s initial public offering. SITC More… |
