Ace Saudi Arabia subsidiary in IPO
Ace Arabia Cooperative Insurance Company, a subsidiary of Switzerland-domiciled (re)insurer Ace, has announced that it will make an Initial Public Offering (IPO) on the Tadawul in Saudi Arabia.
The IPO will take place on 18th April 2009 and will run until the 27th April 2009.
ACE Arabia will list with capital of SAR 100m ($26.6 million) and four million shares will be offered to the public
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