A PYMNTS Company

Saudi Arabia: Agenda to promote IPOs finally takes off

By  |  June 5, 2014

While Saudi Arabia has been hoping for years to open its market up to foreign investment, it has only recently seen the optimal time to do so as the Gulf region’s regulation has relaxed and nations look to diversify their economies.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, the latest sign of new competition entering the market is an exception to Dubai’s IPO rules; authorities will allow real estate conglomerate Emaar Properties to pursue a $2.45 billion acquisition offer, according to reports.

    Reports say Saudi Arabia is now taking the plunge to encourage even more foreign investment, especially in the financial services market as governments look to expand their economies beyond oil.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.