Tadawul offers 'fantastic opportunities for growth'
Saudi Arabia is adopting a tried-and-tested approach in opening its markets for foreign ownership, economists and analysts said.
USD2.4bn raised from 16 MENA market IPOs in H1
The MENA IPO (initial public offering) market performed robustly in H1, 2014, raising USD 2.4 billion from 16 IPOs. This has been the market's best performance in terms of volumes and proceeds in the aftermath of the economic crisis in 2008 when it raised USD 9.4 billion from 36 issues in H1, 2008.
Foreign investors purchased AED1.1bn worth of shares on DFM
Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-U.A.E. nationals, from 17th to 21st August, 2014, reached about AED 1.137 billion, while value of stocks they sold stood at AED 1.082 bn, with net foreign investment on the market reaching AED 55.1 million during the period, as aggregate buy.