MODON launches incentive package to encourage company listings on Tadawul

Logo of MODON

Saudi Authority for Industrial Cities and Technology Zones (MODON) launched an incentive package to encourage companies list shares on the Saudi Exchange (Tadawul), Saudi Press Agency reported, citing Qusay Al-Abdulkarim, MODON Spokesperson and Director of Marketing and Corporate Communications.

These incentives stipulate that industrial firms seeking a share listing will be given priority to obtain land plots and factories, a manager will be appointed to accelerate and ease of doing businesses, and these companies will be granted the built-to-suit-model right.

Land plots and factories are equipped with infrastructure and other utility services.

These incentives were launched in cooperation with Tadawul, in line with the Financial Sector Development Program and the private sector initiative.