Saudi Exchange CEO: 19 companies Listed in the Q1 2022, more to come

Mohammed Al-Rumaih, CEO of the Saudi Exchange revealed that Tadawul is working to attract more listings and IPOs.

The Saudi Tadawul Group concludes the inaugural Saudi Capital Market Forum 2022, held under the patronage of HE. Mohammed El-Kuwaiz, the Chairman of the Capital Market Authority. During the forum, the Saudi Tadawul Group announced its intention to launch a bundle of enhancements to develop the post trade infrastructure, the largest in the history of the Saudi capital market.

Al-Rumaih also said that the Saudi Exchange have currently 70 request for listing.

Al-Rumaih indicated during a dialogue session in the Capital Market Forum 2022 conference, that there are 19 companies that have been approved for listing during the first quarter of 2022.

Al-Rumaih explained that liquidity is a positive sign in the Saudi market. “The most important thing is to pave the way for more momentum and facilitate the attraction of investors, this is what they are working on now, by providing more liquidity.” he pointed out.

Al-Rumaih believes that they are now in the midst of a transformation in “Tadawul” and that they have a lot of work, plans and options that we are considering for development and transformation, especially on the IPO side.

STC is a great model for privatization, he said.

The Saudi Exchange CEO explained that they have conducted many workshops to develop and enhance competition, which is deemed intense.

The Saudi Capital Market Forum 2022 brought together issues, investors, private companies, government entities and financial institutions for a day of dialogue dedicated to advancing the Saudi capital market.