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Investment Banking

Saudi Arabia sitting pretty after surge in optimism

Investors are increasingly keen on the kingdom's equity capital markets prospects as its exchange opens up and deal pipeline grows

Three months after Saudi Arabia officially opened its stock exchange to foreign money, equity market activity is on the rise and there has been a surge in investor confidence since a year ago that the kingdom is set to enjoy a net inflow of capital.

They are being encouraged by the June 15 opening of the exchange - known as the Tadawul - as well as the fact that larger deals are happening on the market, according to the results of a survey by Invesco of investors in the region published on September 14.

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