East Pipes Integrated Co. will float 6.3 million shares, or 30 percent of its share capital in an initial public offering. The measure has been approved by Saudi Arabia’s Capital Market Authority.
The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus, the market regulator said in a statement.
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The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.
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