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Monday, 11 October 2021

Saudi biggest IPO Since Aramco climbs 30% on trading debut

Saudi biggest IPO Since Aramco climbs 30% on trading debut: ACWA Power International surged on debut in Riyadh after raising more than $1.2 billion in the biggest Saudi Arabian listing since Aramco. The stock jumped by the 30 percent daily limit to 72.80 riyals on Monday as investors flocked to a business seen as key to Saudi Arabia’s efforts to diversif ...

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