Ashmore Group | Al Bawaba

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Saudi Arabia's finances have been under pressure after its main source of revenue, oil, sank to the lowest level in 11 years. (File photo)

January 3rd, 2016 - 06:56 GMT

Saudi market plans IPO in 2018

The Saudi Arabia's Tadawul will become the second Arab stock market after Dubai Financial Market (DFM) to list its shares as it announced plans for initial public offering (IPO) in 2018.

Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.

March 24th, 2015 - 08:27 GMT

'Positive restructuring': Saudi Arabia reshuffles powers of finance ministry

The general reserve of the government accounts for 60 percent of the total government reserves and deposits, allocations for government projects is 32 percent and government’s current account 8 percent.

March 1st, 2015 - 05:50 GMT

Bad news? Saudi Arabia experiences 21 month slump in reserves, assets

In addition to the inventory situation, the move in oil prices is related to developments in currency markets.

December 10th, 2014 - 02:16 GMT

Ashmore Group latest

Saudi market plans IPO in 2018

'Positive restructuring': Saudi Arabia reshuffles powers of finance ministry

Bad news? Saudi Arabia experiences 21 month slump in reserves, assets

Dear oil, now what?