07-09-2016 16:50 via news.yahoo.com

Saudi to set lower listing requirements for second stock market

By Celine Aswad DUBAI, Sept 7 (Reuters) - Saudi Arabia will set relatively low listing requirements for its second stock market in order to draw smaller companies to the bourse, which it aims to launch at the end of February next year, regulators have told securities firms. Much of the Saudi economy is dominated by family-owned conglomerates, such as the Olayan group, the Juffali group and the Al Muhaidib group, which have operated in the kingdom for decades but have generally chosen not to list
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