Reported 20 days ago
Saudi Arabia's stock exchange, Tadawul, is planning to increase its focus on mergers and acquisitions to enhance the kingdom's capital markets, according to key officials. This strategy aligns with Crown Prince Mohammed bin Salman's Vision 2030 initiative, aimed at diversifying the economy away from oil reliance. With notable stock sales this year, including a significant offering from Saudi Aramco, the exchange is also exploring post-trade services and data services to support its growth.
Source: YAHOO