Saudi market regulator mulls 45 IPO requests: official

21/09/2021 Argaam

Logo og The Saudi Capital Market Authority (CMA)

The Saudi Capital Market Authority (CMA) is currently reviewing 45 requests received from companies wishing to list their shares on the Saudi Exchange (Tadawul) till the end of H1 2021, Abdullah bin Ghannam, CMA's Deputy for Listed Companies & Investment Products, said.

 

The market regulator approved the listing of 10 companies during 2021, he added.

 

In a statement issued on the occasion of the Saudi National Day, the official indicated that CMA targets speeding up the pace of share listings on Tadawul as part of its endeavors to support the economy, in addition to developing new promising sectors and providing financing channels for them.

 

A total of 11 companies and closed mutual funds were listed on the Saudi stock market year-to-date, thus bringing the number of listed companies and mutual funds to 217, said Ghannam.

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