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Cap on foreign ownership in listed companies to be lifted soon
PLUS: Alwaleed bin Talal doubles down on Snap shares
Madkhol launches new employee investment platform Ratbi+
Funds contributed by the company vest over time, encouraging employees to remain with the firm
Thimar issues prospectus for its SAR 195 mn rights issue
The company is offering 19.5 mn ordinary shares at SAR 10 apiece
TASI’s downturn deepens in August
The benchmark’s total market cap hit SAR 8.9 tn by the end of last month
Petro Rabigh to restructure capital with SAR 5.3 bn injection from Aramco, Sumitomo
CMA granted Petro Rabigh a waiver to issue the Class B shares privately without listing them.
London’s IPO drought deepens as Frankfurt, Zürich pull ahead
Only three London IPOs have listed this year, raising just USD 208 mn versus USD 16.7 bn in 2021
Fund managers bullish on banks, healthcare as Tadawul seen undervalued -SNB Capital
Some 53% of fund managers reported cash-holdings of less than 5% of AUM
Osool and Bakheet waive preferential terms with AOTC shareholders
ALSO- Flynas adds three-weekly direct flights from Jeddah to Kuwait as of 1 November
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