| From Ameinfo.com: Tahir Bawazir, chief executive of Saudi Arabia's Knowledge Economic City has said the firm plans to raise over SR1bn ($267m) in a public offering early next year, Reuters has reported. '30% of the company will go public. It is now in the process.
It is with the capital market authority,' Bawazir told the news service. KEC, which is building a huge industrial complex for the Saudi Arabian government, anticipates its capital will reach SR3.4bn after the IPO and it intends to develop some 5 million square metres of land, attracting SR32bn in investment.....................................Full Article: Source
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