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Saudi Consultative Assembly calls for assessing Aramco’s IPO

Saudi Consultative Assembly calls for assessing Aramco’s IPO
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Riyadh - Mubasher: The financial committee of the Saudi Arabia's Shura Council, atop advisory body to the government,  has called on the Capital Market Authority (CMA) to study the effects of listing stocks of Saudi Arabian Oil Company on the kingdom's stock market.

The committee wants an evaluation of the effects of the highly anticipated initial public offering (IPO) on the liquidity and distribution levels on the Saudi Stock Exchange (Tadawul).

The committee has also called for stepping up efforts to boost investors’ confidence and attract more investments.