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Sunday, 26 February 2017

Saudi Bourse to Seek Cross Listings to Boost Foreign Investment - Bloomberg

Saudi Bourse to Seek Cross Listings to Boost Foreign Investment - Bloomberg:

"Saudi Arabia’s stock exchange is seeking to secure its first regional cross listing by 2018 to boost foreign investment in the Middle East’s largest bourse. The Tadawul, as the market is known, will hold discussions with companies already listed on other exchanges in the Gulf Cooperation Council to encourage them to also list shares in the kingdom, Chief Executive Officer Khalid Al Hussan said in an interview in Riyadh on Sunday. “Definitely by 2018 we would expect to see at least one company cross listing onto the main market from another exchange," he said. The Tadawul also wants private companies in the GCC to sell shares on its alternative market, Nomu, with the first expected this year, he said."



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