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Saudi Al-Baha Investment board recommends IPO for its 87%-owned unit

RIYADH: Saudi-listed Al-Baha Investment and Development Co.’s board of directors have recommended its subsidiary Elegant Centers Co. to go public on the Kingdom’s parallel market. Elegant Centers, in which Al-Baha Investment holds almost 87 percent share, owns and operates central markets and commercial complexes in Saudi Arabia. The recommendation to float the company on Nomu ....

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