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Report: Saudi exchange Tadawul eyeing EU hub in London

The Saudi Stock Exchange (Tadawul) plans to set up a new European hub in the U.K. to attract more institutional investors from abroad to Saudi Arabia's capital markets, Financial News reported Jan 15.

The bourse has hired headhunters to staff the new London office, according to sources. Tadawul is also considering potential offices in the U.S. and Asia, but has yet to decide on which cities.