Risk Appetite Returning To Saudi Market?

On June 8 Saudi Arabia's stock market regulator, the Capital Market Authority (CMA), said that it had approved six initial public offerings (IPOs) for the period between June and October. The news comes after the country's Tadawul All-Share Index has rallied over the past few weeks on the back of the strengthening oil price. With market conditions improved since the last IPOs tapped the market in April and were oversubscribed, CFW is more optimistic this time around.

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