Petro Rabigh to have Initial Public Offering on Saudi Arabian Stock Exchange.
Publication Date: 06-NOV-07
Publication Title: JCNN News Summaries
Format: Online

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Description

Tokyo, Japan, Nov 6, 2007 - (ACN Newswire) - Sumitomo Chemical (TSE: 4005) today announced that the Rabigh Refining and Petrochemical Company (Petro Rabigh), its 50-50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco), will hold its initial public offering (IPO) on the Saudi Arabian stock exchange in early January 2008.

Petro Rabigh was established in September 2005 as a joint venture between the two companies, and is currently constructing one of...

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