MIDEAST STOCKS-Saudi stocks largely flat, SEC rises on potential SoftBank stake:
"Saudi Arabian stocks opened largely flat on Wednesday as gains by Saudi Electricity Co (SEC) were offset by declines for Zain Saudi and Middle East Healthcare.
SEC was one of the biggest gainers, rising by 4.5 percent in early trading after news on Tuesday that the kingdom will consider selling a large stake in the utility to SoftBank Vision Fund, the world’s largest private equity fund.
The Saudi government would retain a controlling stake, the utility said in a statement."
'via Blog this'
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