As US Capital Markets Fade, Saudi Arabia Has its Day in the Sun
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It's an absolute gusher on the Arabian Peninsula.
Marafiq, the Saudi Arabian utility formally known as the 'Power and Water Utility Company for Jubail and Yanbu,' attracted nearly $900 million of investor demand on Sunday when investment banks began taking orders for its upcoming IPO. It's just the latest instance of insatiable demand for Saudi exposure, a stark contrast to the US where capital markets are drier than the Rub' Al-Khali.
Source Fool.com
