Saudi Stock Exchange to Launch Family Businesses Sustainability Stimulus Package

SourceAl Bawaba
SectorFinancial Markets
CountrySaudi Arabia

Family companies are invited to take advantage of the Saudi financial markets for their sustainability, Asharq Al-Awsat The Capital Market Authority of Saudi Arabia (CMA) and Tadawul are mobilizing to increase the momentum of stimulating the Saudi private sector towards the transformation into joint-stock companies and to benefit from the financial markets in the country, especially the parallel market, Nomu. This is coupled with indicators of economic recovery in the aftermath of the coronavirus lockdown and its lifting. The past few days have witnessed active mobility from the CMA and Tadawul to raise awareness in the private sector. They set out to encourage small and medium-sized companies and invited entrepreneurs to take advantage of financial market financing. They invited family companies to seize the opportunity of the financial market to gain sustainability through the more...