(Bloomberg) -- Saudi Arabia has more than ten companies waiting to pursue initial public offerings on its stock exchange, while upwards of 50 firms have...
-- Saudi Arabia has more than ten companies waiting to pursue initial public offerings on its stock exchange , while upwards of 50 firms have applied for listings, in a sign that the frenzy of IPO activity in the kingdom is set to continue.
Al-Rumaih, who spoke with Bloomberg Television on the sidelines of the Hong Kong edition of Saudi Arabia’s Capital Market Forum, expressed no concern over liquidity needed to absorb all of the expected listings.When asked about the potential for Saudi Arabian companies to cross list in Hong Kong, or vice versa, he said “we want to have a path ready for them in case they decide to do so.”
“The friendship and partnership between Hong Kong and Saudi Arabia will go very far and will endure the test of time,” said Michael Wong, Hong Kong’s deputy financial secretary.--With assistance from Filipe Pacheco and Adrian Wong.Asian Junk Bond Sales Are Hottest in Five Years on India Boom AIREA plc Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
-- Banco Bilbao Vizcaya Argentaria SA commenced a hostile bid for Banco de Sabadell SA, days after an earlier approach was rejected by the smaller rival’s board.
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