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First Saudi IPO of the year posts gains despite conflict
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First Saudi IPO of the year posts gains despite conflict
Riyadh quarry company up by 14% Saudi market up 2% during war PIF IPO involvement expected this year The first IPO on the Saudi stock exchange this year closed its debut session with a double-digit gain. Analysts say investor appetite for new listings remains intact, but deal activity is likely to slow while the US-Israel conflict with Iran continues. Shares in Saleh Abdulaziz Al Rashed & Sons Co., a Riyadh-based quarrying and construction mate…
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