Saudi market hots up as government approves insurance listings

A raft of Saudi Arabian companies, including seven from the insurance industry, are planning to float on the country's stock market within the next month, as international investment banks gear up their Middle East operations.

Saudi Arabian regulator the Capital Markets Authority yesterday gave permission to seven insurance companies to list in Riyadh, while Jabal Omar Development Company, a Saudi property developer, filed with the stock exchange for a flotation next month.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink