Saudi regulator to increase allocation for institutional investors in IPOs | The National:
"Saudi Arabia’s Capital Markets Authority plans to increase the proportion of shares offered via initial public offerings allocated to institutional investors to help reduce market volatility.
The move comes as Saudi Arabia’s Tadawul stock exchange prepares for the direct entry of foreign investors for the first time.
The CMA said that the move to increase institutional investor involvement in IPOs would be a boost for the Arabian Gulf’s biggest stock market."
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