09.11.2009 - Al Baraka says IPO of Syrian unit oversubscribed
From Reuters: Bahraini bank Al Baraka BARKA.BH said on Sunday it had received subscriptions worth 7.67 billion Syrian pounds ($167 million) for the initial public offer of shares in its Syrian unit, an oversubscription of 3.4 times. Al Baraka's IPO is the second by a Gulf Arab bank after Qatar National Bank QNBK.QA (QNB) floated its Syrian unit in July. The bank had offered a 35 percent stake in the unit with a for 1.75 billion Syrian pounds ($38 million)..............................Full Article: Source
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