CMA on track to boost Nomu liquidity: El-Kuwaiz

12:16 PM (Mecca time) Argaam
Mohammed El-Kuwaiz,Chairman ofThe Capital Market Authority (CMA)

Mohammed El-Kuwaiz, Chairman of The Capital Market Authority (CMA)

The Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) are working to boost liquidity in the Nomu-Parallel Market, said CMA Chairman Mohammed El-Kuwaiz.

 

The initiatives include increasing offered volumes, expanding free float capitalization, and exploring additional strategies such as broadening the investor base, said El-Kuwaiz during the CEOs Forum 2024 held in Riyadh.

 

The stock market has become the center of attention for entrepreneurs locally and overseas, he noted.

 

He emphasized that the CMA is currently responsible for facilitating the transition of these enterprises to Saudi Arabia to offer and list their shares on the market.

 

The market has been increasingly attractive for small and medium enterprises (SMEs) over the past period, reflecting the Kingdom’s economic position, he stated.

 

SMEs account for nearly 55% of total market listings, El-Kuwaiz noted.

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