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Company News, Business

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

East Pipes to list on TASI

Dammam-based East Pipes specializes in manufacturing steel pipes
By TRENDS Desk
February 13, 2022 11:21 pm
  • This came after the initial public offering of the company was 71.8 times oversubscribed, setting the final offer price at SR80 ($21.3)
  • SNB Capital, as the financial advisor of the offer, led the book-building process, which started on Jan. 11 and ran through Jan. 17

East Pipes Integrated Co. will be listed on Saudi Arabia’s main stock index, TASI, on Monday, Feb. 14, Saudi exchange said in a statement.

This came after the initial public offering of the company was 71.8 times oversubscribed, setting the final offer price at SR80 ($21.3) per share.

SNB Capital, as the financial advisor of the offer, led the book-building process, which started on Jan. 11 and ran through Jan. 17.

The offer comprised a total of 6.3 million shares.

Established in 2010, Dammam-based East Pipes specializes in manufacturing steel pipes.

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