The Authority will launch a regulatory framework for dual listing
The head of the Saudi Capital Market Authority, Muhammad bin Abdullah Al-Quwaiz, said today, Sunday, that 23 companies have obtained approval for listing and are awaiting the appropriate timing, while there are 77 files under study.
He added during a conference in Riyadh that foreign investors represent just under 15% in the Saudi market.
He indicated that the Authority will launch a regulatory framework for the dual listing.
Al-Kuwaiz said that in the first 6 months of the year 2022, the Saudi market was the fourth in the world in terms of total capital volume, after China, India and South Korea.
He continued, “This is a new shift for the Saudi market in terms of size, vitality, and the market’s role in the economy in general.”
