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Saudi IPOs raise $7.5bn in 2006
- Saudi Arabia: Sunday, August 26 - 2007 at 08:40
Saudi Arabia's Capital Market Authority has revealed that the total value of the 62 initial public offerings made in the kingdom in 2006 reached almost $7.5bn, reported Arab News. Dr Abdul Rahman Al Tuwaijeri, the CMA's chairman, said that last year saw the largest amount of IPOs since the body was set up in 2004. Al Tuwaijeri said new rules and regulations had played a major part in attracting investors.
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Jonathan Sheikh-Miller, Deputy EditorSunday, August 26 - 2007 at 08:40 UAE local time (GMT+4)
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