Wednesday, 15 Jul 2020 08:17 AM MYT
Tadawul, which hired HSBC in 2016 to manage its planned initial public offering , initially targeted for 2018, had put its plans on hold due to oil giant Saudi Aramco's record US$29.4 billion IPO at the end of last year. With a market capitalisation of US$2.5 trillion, Tadawul is the world's 9th biggest stock market, ranked after the London Stock Exchange and ahead of Canada's Toronto Stock Exchange, according to World Federation of Exchanges data.
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