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Al-Suhaimi: set out clear rules for Saudi capital markets |
King Abdullah takes up the reins as economy booms
Equity issuance builds mass market
SAUDI ARABIAN BASIC Industries Corporation (Sabic) is set to be the first company in Saudi Arabia to take advantage of changes in the capital markets regulations to raise money on the newly established domestic bond market.
This will accelerate the kingdom’s financial revolution, which has transformed the way in which Saudi companies can finance their activities. Where until now they have been almost entirely reliant on bank borrowing, the largest of them are now looking to tap the equity and debt markets.
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