IPOs gaining momentum; dual listings expected: Tadawul Group CEO

The Saudi Exchange (Tadawul) is witnessing a strong momentum in applications for potential initial public offerings (IPOs) on the Main Market (TASI) and the Nomu-Parallel Market, with nearly 40 requests under study at present, CEO of Saudi Tadawul Group Holding Co. (Tadawul Group) Khalid Al-Hussan told Argaam.

 

In an interview on the sidelines of Saudi Capital Markets Forum 2025, Al-Hussan said focus is currently directed towards listing requests received from local companies.

 

"Tadawul Group is monitoring the dual-listings market. Several requests were already received from regional and international players seeking to dual list their securities in Tadawul," he said, adding that some dual listings are expected to take place in the future.

 

Al-Hussan also indicated that one of Tadawul's strategies is to diversify and deepen the capital market’s sub-sectors in order to attract local and international investors, while adding new sectors to the market to allow the influx of more players.

 

The number of foreign investors in the Saudi market has evolved significantly, surpassing 4,200 registered investors, with foreign investors' ownership exceeding SAR 360 billion. Foreigners started daily trading in the Saudi capital market which helped generate extra liquidity, according to the CEO.

 

Nomu, according to the top executive, will soon see several amendments and updates to its listing rules to better govern issuers and cater to the requirements of existing market players.

 

He revealed that Tadawul is working with public and private sector partners to upgrade the Sukuk/Bonds Market, where there are currently more than 70 issuances of debt instruments worth more than SAR 600 billion being offered.