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Friday, 19 August 2016

Saudi Arabia to Let Foreign Investors Participate in IPOs - Bloomberg

Saudi Arabia to Let Foreign Investors Participate in IPOs - Bloomberg:

"Saudi Arabia, home to the Gulf’s biggest stock market, will allow foreign investors to subscribe to initial public offerings in the kingdom from January.
The Capital Market Authority has approved regulations on book-building in IPOs that include qualified foreign investors, which will be implemented Jan. 1, according to a statement posted on the regulator’s website on Thursday. Financial advisers “may apply these instructions on any offering before that date” with approval from the issuer, according to the statement."



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