Saudi Arabia's IPO pipeline looks 'quite busy': CMA chairman | Reuters
Since Aramco’s record listing last year, Saudi Arabia has seen a big increase in the number of companies looking to make their stock market debut in the kingdom, according to the head of the Capital Market Authority (CMA).
There are currently 15 applications for new listings in the Saudi stock market, the region’s largest bourse, CMA chairman Mohammed bin Abdullah Elkuwaiz said.
“It looks quite busy over the upcoming period,” he said.
The Saudi stock market (Tadawul) saw five IPOs in 2019, including oil giant Saudi Aramco, its biggest ever IPO and the largest in history.
“We have seen eight new listings since the beginning of the year despite the pandemic. We also currently have over 15 applications we are currently reviewing for listing whether in the main market or the (parallel) Nomu market,” he said.
No comments:
Post a Comment