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One of the Gulf’s biggest equity markets, Saudi Arabia, will be opening its arms to foreign investors looking to get into the initial public offering (IPO) market in the country starting in early 2017, according to a Capital Markets Authority (CMA) filing.
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The move will help foreign market participants gain market exposure in the Saudi Arabian stock market, following the approval of regulations by the CMA, one of the country’s paramount regulatory authorities. More specifically, the entity has garnered new access on book-building in IPOs, which ... (read more)