Jordanian government launched an IPO of 71% of Royal Jordanian's issued share capital, the Arab Air Carriers Organization said. In October, RJ President and CEO Samer Majali confirmed to this website that privatization of the carrier would proceed as scheduled this month (ATWOnline, Oct. 25). Offer price is set at JOD2.75-JOD3.40 ($3.86-$4.77) per share.

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