S&P GCC composite index fell by 7.2% for 2022, which was a lower decline compared to other developed markets, according to Kuwait Financial Centre (Markaz) which recently released its Monthly Market Review report for December 2022.
EFG Hermes, a leading investment bank franchise, has concluded advisory on the SR1.4 billion ($378 million) IPO of Saudi power cables manufacturer Riyadh Cables Group Company (RCGC) on the Saudi Exchange.