Saudi Arabia witnesses record interests from companies to sell shares to public
(MENAFN)According to the chairman of the Saudi Arabia’s capital market authority, the country is witnessing a record interests from companies to sell shares to the public, as the size of the assets under management by financial institutions rose by 50 percent to SR600 billion over 3 years.
Mohammed Elkuwaiz in panel hosted by the Financial Academy further stated that the improvement in the rate of assets under management (AUM) had impact on the financial market and added to opening new investments areas such as the inauguration of financial derivatives market.
He further declared that the authority has taken 30 requests to sell shares in initial public offerings and this is the highest number the authority, called CMA.
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