Saudi Tadawul Group receives over 25 listing applications in 2021, says Alhussan

Khalid Alhussan, CEO of Saudi Tadawul Group

Khalid Alhussan, Chief Executive Officer (CEO) of Saudi Tadawul Group, said that the Saudi market witnessed 25 listings in the last three years, and received new 25 listing applications this year.

When asked about Tadawul listing, Alhussan said that the group completed its basic structure, started to grow and develop. Therefore, time is ripe now for its listing.

Moreover, the market attracted 2,500 foreign institutions with nearly SAR 200 billion investments. 

Alhussan added that Wamid Company was launched to seize opportunities through technology and information inside and outside the financial sector, and boost Saudi Tadawul Group’s growth.

“We hope that Wamid will be the optimal partner in the Kingdom’s technology and information field,” Alhussan added in an interview with the Communication & Financial Knowledge Center (CFKC).

Saudi Tadawul Group announced the launch of the technical innovation company Wamid, as part of Tadawul's strategy to expand into new areas in preparation for the initial public offering (IPO) process, Argaam reported.

The launch of Wamid will contribute to the diversity of its business scope and help the company provide innovative technical solutions in different fields.