UAE delivers 10 aid convoys to Gaza
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At the Saudi Capital Market Forum in Riyadh, Mohammed El Kuwaiz, Chairman of the Capital Markets Authority, revealed that Saudi Arabia's Tadawul stock exchange has witnessed a notable increase in companies seeking to list. The current IPO pipeline includes 56 companies, a 30% rise from the previous year, indicating a shift towards Saudi Arabia becoming a net importer of capital.
This surge in interest underscores the kingdom's growing status as a regional investment hub. To support this transformation, El Kuwaiz stressed the importance of developing a robust infrastructure tailored to the evolving needs of the capital market, further solidifying Saudi Arabia's position in the global financial landscape.
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