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- Statement from SPA said assets and sectors would be listed on Saudi stock market
RIYADH: Saudi Arabia’s government approved on Tuesday listing government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO).
“Assets, sectors and services planned for privatization ... shall be listed in Saudi stock market through direct or indirect initial public offering,” said a statement on state news agency SPA.
“The indirect IPO for such assets will be done through setting up companies that own the government stakes in these projects,” the statement added.