Saudi market regulator says 46 IPOs requests under review

Saudi market regulator says 46 IPOs requests under review

Saudi Arabia’s capital market regulator has confirmed that 46 initial public offering (IPO) requests were still under study in the third quarter of 2023. Five listing requests were for the main market (Tasi) and 41 requests were pending for the Nomu-Parallel Market, the state-run Saudi Press Agency reported, citing the Capital Market Authority’s latest quarterly […]Saudi Arabia’s capital market regulator has confirmed that 46 initial public offering (IPO) requests were still under study in the third quarter of 2023.

Five listing requests were for the main market (Tasi) and 41 requests were pending for the Nomu-Parallel Market, the state-run Saudi Press Agency reported, citing the Capital Market Authority’s latest quarterly statistical bulletin.

The number of listed companies on Tasi reached 230 in Q3 2023, an increase of six percent year on year.

Nomu reported 67 listed companies in Q3 2023, with an increase of 76 percent year on year.

The value of the qualified foreign investors’ ownership on Tasi reached SAR 290 billion ($77.33 billion) in Q3 2023, rising SAR 10 billion or 3.5 percent in the last year.

Investment funds recorded a new record high of 1,209, an all-time high after rising 35.8 percent year on year.

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