From Tradearabia.com: Saudi Arabia’s Al-Baha Holding Corp plans an initial public offering by mid-2010 to raise 1 billion riyals ($266.7 million), its top executive said.

‘According to economic analysis the market will start improving during 2010 so we will launch it (IPO) at the best time,’ Husain bin Dajam told Reuters in an interview this week……..Full Article: Source