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  • 04-08-21

    Saudi Arabia witnesses interests from companies to sell shares to public

    (MENAFN)The chairman of the Saudi Arabia’s capital market authority stated that as the size of the assets under management by financial institutions rose by 50 percent to SR600 billion over 3 years, the country witnesses a record interests from companies to vend shares to the public.

    Mohammed Elkuwaiz declared in panel hosted by the Financial Academy that the improvement in the rate of assets under management (AUM) had effect on the financial market and added to opening new investments areas such as the initiate of financial derivatives market.

    The official further declared that the authority took about 30 requests to trade shares in initial public offerings and this is the main number the authority, called CMA, since its establishment.

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