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Saudi companies spent $47bn on capital expenditure in 2020

Companies listed on the Saudi Stock Exchange (Tadawul) spent SR177 billion ($47 billion) on capital expenditure (CAPEX) in 2020, equal to around 7 percent of the Kingdom’s gross domestic product (GDP), according to new research. The report by Dubai-based research portal Awalan found that CAPEX declined by 14 percent last year, as supply chains were disrupted due to the ....

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