DUBAI, May 1 (Reuters) - Morabaha Marina Financing
Company, a non-bank finance institution based in Saudi Arabia,
on Monday said it will carry out an initial public offering
(IPO) on the Saudi Exchange's main market.
It will offer 30% of the company's issued share capital post
capital increase, Morabaha said in a statement, adding it
intends to use the net proceeds of the primary issuance to
strengthen its capital base to support future growth.
(Writing by Lisa Barrington; Editing by Jan Harvey)
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