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In the third quarter of 2023, Saudi Arabia asserted its dominance in the Middle East’s public offering landscape. The Kingdom saw the majority of IPO activity in the region, with five out of six companies listed coming from its burgeoning financial markets, accumulating a substantial $330 million in the process.…
“Our ambition is to build a more prosperous country, in which every citizen can find what he wants.” With this strong challenge and serious determination, the architect of bold decisions and ambitious vision, Crown Prince Mohammed bin Salman, spoke about the ambition and will of the Saudis in the pursuit…
An August 22 report by Bloomberg said Saudi Aramco has formally put an initial public offering on hold while the company focuses on buying a strategic stake in Saudi petrochemical group, Sabic, for as much as $70 billion. However, while the Sabic deal will delay the IPO, it doesn’t mean…