Saudi Arabia’s stock exchange has 50 applications from companies for initial public offerings next year and is considering whether to allow blank-check companies to list, the Saudi Tadawul Group chief executive said on Wednesday, according to Reuters.
Khalid al-Hussan, the CEO of bourse owner and operator Tadawul, said the exchange was discussing business models and assessing appetite for SPACs in the kingdom, but added that no legal framework had been proposed as yet. Read more.
