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Saudi Prince Turns Sights on Local Firms in Transformation Drive

  • Twenty-four firms to invest 5 trillion riyals in economy
  • Saudi Arabia’s benchmark Tadawul index rose 2.8% Wednesday
The Stock Exchange Market (Tadawul) bourse in Riyadh.
The Stock Exchange Market (Tadawul) bourse in Riyadh.Photographer: Fyez Nureldine/AFP/Getty Images

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Saudi Arabia’s Crown Prince Mohammed bin Salman has a new target in his sights as he looks to press on with his unprecedented economic transformation plan: the country’s largest listed companies.