Tadawul CEO: We are looking forward to 18 new listings in ‎stock market until the end of 2022‎

25 Oct 2022

Riyadh - Maaal

Muhammad Al-Rumaih, CEO of the Saudi Tadawul Company, revealed that the Saudi market witnessed the 39th listing yesterday since the beginning of the year, indicating that there were 18 approvals by the Capital Market Authority on listing requests until the end of 2022.

Al-Rumaih explained, in an interview with Al-Arabiya channel, that this number exceeds the number of listings during the past year, which witnessed 21 listings, as well as what witnessed in 2020, when the market witnessed at the time about 8 listings only.

Al-Rumaih pointed out on the sidelines of the activities of the Future Investment Initiative, which is being held in Riyadh, to the diversity of listings. Approval of the public offering of corporate sukuk, and this has not happened for a while.”

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He said that the establishment of the Regional Voluntary Carbon Market Company, with 80% ownership by the Public Investment Fund, and 20% for the Tadawul Group, will enable the market and investors to participate in zero neutrality through carbon documents.

Today, at the King Abdulaziz Conference Center in Riyadh, the work of the sixth session of the Future Investment Initiative began, under the slogan “Investing in Humanity… Enabling a New World Order”, with the participation of 6000 participants from countries around the world, and 500 speakers from different sectors from inside and outside the Kingdom. It lasts for three days

During the work of the sixth edition of the Investment Initiative Conference, which was launched earlier today, a group of Nobel laureates, a number of company heads and major investors will participate in an attempt to find sustainable solutions to meet the basic needs of the world’s population, and the challenges it poses will be discussed. The new world order, as well as the opportunities that arise from it, such as the establishment of an economic system that improves the quality of life for citizens around the world, Crypto” and the future of Africa.