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Saudi Crackdown Sent Shivers Through Largest Middle East IPO
A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption. Advisers to Emaar Properties PJSC scrambled to complete a $1.3 billion…
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Click here to read the full story: Bloomberg