Sumitomo Chemical's 50-50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco), is to hold its initial public offering (IPO) for the Rabigh Refining and Petrochemical Company (Petro Rabigh), on the Saudi Arabian stock exchange in early January 2008. Following the IPO, Sumitomo Chemical and Saudi Aramco will each maintain a 37.5% stake each in the company.
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Wednesday, November 07, 2007
Petro Rabigh to hold IPO on the Saudi Arabian stock exchange in Jan 2008
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