Cabinet approves listing assets, sectors under privatization plan in Tadawul

31/03/2020 Argaam

  

Saudi Arabia’s Cabinet approved on Tuesday listing government assets planned for privatization in the Saudi Stock Exchange (Tadawul) after an initial public offering (IPO).

 

The assets, industries and services will be directly or indirectly floated in initial public offerings (IPOs), in line with the regulations issued by the National Center for Privatization (NCP).

 

The sale of indirect privatization projects will be implemented through companies that will be set up by NCP for this purpose. Such entities will own the Kingdom’s stake in project privatizations, which will be offered to the public in the Saudi stock market.

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