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[2007-07-24] Saudi Fransi grand debut
Saudi Fransi Cooperative Insurance shares gained almost 1,000% on their initial public offering price on debut on the Saudi stock market on Monday, according to Arab News. The shares, which were sold for SR10 in a public float, opened and closed at SR109.25. Shares in other insurers the subject of recent public floats have also soared on debut. The Tadawul All-Share Index put on 0.61% to 7,436.67 points.