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Sunday, 25 September 2016

No Respite for Battered Saudi Stocks as IPO Pipeline Shrinks - Bloomberg

No Respite for Battered Saudi Stocks as IPO Pipeline Shrinks - Bloomberg:

"Add this to the reasons why 2016 isn’t the year for Saudi stocks: the IPO pipeline is drying up.
Two companies have announced plans for initial public offerings this year, down from six in 2015, putting the Saudi market on track for its slowest lineup since 2004. That compares with nine in Malaysia, another energy-dependent developing economy whose main stock index is poised for its third straight annual drop following the retreat in oil prices."



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