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Mazen Al-Sadiri, Chairman of the Capital Market Authority, stated that the authority is working on redefining the responsibilities of the parties involved in initial public offerings to improve the quality of offerings and strengthen accountability. He clarified that the authority has examined previous offerings to enhance procedures, aiming to restore confidence in the equity market by balancing the requirements, which may be strict or relaxed depending on each offering, with the goal of protecting investors and facilitating companies' access to the market.
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