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Saudi Arabian automotive services firm Petromin is reviving plans for its initial public offering in the kingdom that could raise as much as $1 billion. The company, which is also the Middle East’s oldest lubricants firm, is working with Saudi National Bank and Moelis & Co. on the planned offering. 

Saudi Arabia’s Petromin Revives $1 Billion IPO Plan

Saudi Arabian automotive services firm Petromin is reviving plans for its initial public offering in the kingdom that could raise as much as $1 billion. The company, which is also the Middle East’s oldest lubricants firm, is working with Saudi National Bank and Moelis & Co. on the planned offering. 

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