Saudi market likely to end 2021 with 30 new listings, says CMA Chairman

27/09/2021 Argaam

Mohammed ElKuwaiz, Chairman of the Capital Market Authority  

The Saudi market is likely to end this year with almost 30 new listings, Mohammed ElKuwaiz, Chairman of the Capital Market Authority (CMA), told Reuters, on the sidelines of the Financial Sector Conference today, Sept. 27.  

 

The Saudi Exchange (Tadawul) witnessed the listing of Tanmiah Food Co., Theeb Rent a Car and Alkhorayef Water and Power Technologies Co. (AWPT), according to the data available on Argaam.

 

Moreover, Arabian Internet and Communications Services Co. (solutions by stc) recently closed its initial public offering (IPO), while the Saudi utility provider, ACWA Power, will launch its retail offering on Sept. 29.

 

Meanwhile, Nomu Parallel Market saw eight listings this year, with Watani Iron Steel Co. joining in February, followed by Fesh Fash Snack Food Production (May), Mohammed Hasan AlNaqool Sons Co. (June), National Fertilizer Co. (July), Canadian Medical Center and Banan Real Estate (August), and Burgerizzr and Natural Gas Distribution Co. (September).

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