Edaa in talks with foreign firms to list debt instruments on Tadawul: Al Hussan

16/09/2018 Argaam

 

The Saudi Securities Depository Center Co. (Edaa) is in talks with foreign firms to list the international bonds and sukuk issued by the Debt Management Office, Khalid Al Hussan, chief executive officer of the Saudi Stock Exchange (Tadawul), told Al-Eqtisadiah.

 

“Listing of the international instruments requires linking Edaa with global registration firms, so that foreign investors can trade these instruments on the Saudi market,” he added.

 

The debt instruments will be gradually listed upon signing contracts with one or two firms, based on certain conditions.

 

Tadawul began listing and trading local-currency government debt instruments on April 8, Argaam reported.

 

Tadawul listed 45 primary and secondary debt instruments, comprising a broad range of government development bonds, floating rate bonds, and Saudi government sukuk, with a value of SAR 204 billion and SAR 385 billion, and maturity dates ranging between five, seven, and ten years.

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