Swvl eyes dual listing on Saudi, Egyptian markets

Dubai-based ride-sharing service provider Swvl eyes dual listing of its shares on Saudi and Egyptian markets, The Egyptian Exchange (EGX) Chairman Dr. Muhammad Farid.

He told AlArabiya that the dual-listing will be executed through Egyptian deposit certificates.

He added that The Egyptian Exchange is in talks with many startups to list their shares on EGX.

It should be noted that, Tadawul Group CEO, Eng. Khaled Al-Hussan, said in last November that regulations and rules allow dual-listings after discussing some operational and legislative issues with the companies which target dual listings.