Saudi Stock Exchange CEO Sees Further Blitz of IPOs

More than 10 companies have received approval for listings
Four companies have announced IPOs in the last few weeks

WATCH: Saudi Exchange CEO anticipates even more listings as homegrown companies are encouraged to go public.Source: Bloomberg

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By Christine Burke and Yvonne Man

May 9, 2024 at 12:32 AM EDT

Updated on

May 9, 2024 at 2:04 AM EDT

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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.