Saudi regulator studies direct listing on main market

SourceArab News
SectorFinancial Markets
CountrySaudi Arabia

Mohammed ElKuwaiz, Chairman of the Capital Market Authority (CMA), said that direct listing on Nomu Parallel Market was successful, and a new player will be directly listed soon. Moreover, the Saudi market regulator is planning to allow direct listing on the main market, taking into account the characteristics, nature and structure of the main market and the listed stocks. Listing shares offer companies, including industrial players, various privileges, ElKuwaiz explained, noting that the regulatory frameworks do not discriminate between sectors, but rather include all firms. more...