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The Saudi Arabian Capital Market Authority Board Issues Its Resolution To Adopt The Updated Instructions On Book Building And Allocation Of Shares In IPOs

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In continuance to the CMA role to regulate and develop the capital market, and aiming to facilitate financing by providing financing sources, and encouraging investments by increasing the market attractiveness for investors and ease the investing ways, and in pursuance to the Authority's program "to Achieve Saudi Vision 2030", and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 02/06/1424H, the CMA Board has issued its resolution to adopt the updated Instructions of Book Building and Allocation in Initial Public Offerings (IPOs), and that it shall be affective from the its publication date.

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