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IPO Underpricing in Saudi Insurance Sector by arkaansatr is a document available to read on EtoBox.
This paper investigates IPO underpricing in the Saudi Arabian insurance industry, specifically examining the impact of Sharia compliance on underpricing levels. The study finds that underpricing is significantly high at 455%, attributed to the monopsony power of underwriters, and that Sharia compliance does not notably reduce underpricing. The authors recommend improving transparency and addressing the regulatory framework surrounding Sharia compliance in the insurance sector.
- Author
- arkaansatr
- Language
- EN