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FinancialNews


  • 02-01-23

    Saudi market survives international obstacles, prepares for new year

    (MENAFN) With the peakiest expansion level between the G20 nations, sustainable attempts to expand the economy and a healthy influx of foreign direct investment, Saudi Arabia’s market display has been strong.

    “Tadawul is by far the largest stock exchange in the Middle East, and it is seeking to become a regional center with cross-listings of companies from other countries in the Gulf,” according to Waleed Rasromani, company mergers and achievements partner of Dubai and Riyadh at Linklaters, a UK-located multinational law company.

    Intense merger and acquisition actions joint with important surge in early public contributions have caused the nation’s market to grow and is estimated to continue that growth into the new year.

    The Nation’s oil-led surge, non-oil diversification plan and administrational outlines established a robust foundation for its strong market performance.

    Strong liquidity, domestic investor appetite for Saudi shares and the pursuit of targets outlined in Vision 2030 have also eased the market’s growth.

    MENAFN02012023000045014228ID1105373133

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