Saudi Arabian investors rush to buy BinDawood IPO on day one

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Saudi Arabian investors rush to buy BinDawood IPO on day one

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RIYADH - August 22: Aerial view of Riyadh downtown on August 22, 2016 in Riyadh, Saudi Arabia. | swisshippo - stock.adobe.com

The IPO of BinDawood, the Saudi supermarket operator, has made off to a fast start with banks covering the deal throughout its price range the day it opened books, driven by strong local demand.

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