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GIB to Manage Al-Khodari IPO
July 13, 2010 – GIB Financial Services, the Riyadh-based subsidiary of U.S. Gulf International Bank B.S.C., will be the financial advisor, lead manager, and co-underwriter for a forthcoming initial public offering (IPO) for Abdullah A.M. Al-Khodari Sons Co. (Al-Khodari), a leading general contracting firm based in Dammam. The companies have received approval for the IPO from the Capital Market Authority, and will offer 30 percent of Al-Khodari’s shares to the general public in October.
Al-Khodari is currently involved in the construction of two new major universities in the Kingdom, as well as providing infrastructure for the Royal Commission for Jubail and Yanbu. |
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