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Exclusive: Middle Eastern Firms, Sovereign Funds Interested In Hong Kong Listing Opportunities, Finance Chief Paul Chan Says South China Morning Post

Trading on the Saudi Tadawul stock exchange came following a mammoth $25.6 billion initial public offering that set the record as the largest ever in history. Bernstein has an “underperform” rating on Aramco stock and a target cost of 24 riyals, a 31% discount from Wednesday’s close. In a statement, Aramco’s chief executive attributed the spike in earnings to increasing rates as nicely as the kingdom’s enhance in production, along with allies in the group recognized as OPEC Plus. Both agreed to have joint company in the areas of Hyundai’s shipbuilding, engine and plant. Saudi’s state-run shipping company Bahri will...