Saudi bourse has 23 companies waiting to go public, says CMA head

RIYADH : Saudi Arabia has 23 companies approved to list on the kingdom's stock exchange, the head of the kingdom's Capital Market Authority said on Sunday.

There are also more than 75 applications pending approval to list and 70 signed mandates with financial intermediaries and advisers in the early part of the process, CMI Chairman Mohammed bin Abdullah Elkuwaiz told a conference in Riyadh."If you look at this in tandem, it gives us an indication that we still have a very, very healthy pipeline," Elkuwaiz said at the Saudi Capital Market Forum.

The Saudi stock market had 49 new listings last year, in which companies raised about 40 billion riyals , he said, adding that the market watchdog is also planning to create a regulatory framework for dual listings.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Commentary: Finance companies are desperately trying to figure out Gen Z consumersThis age cohort’s obsession with customised experiences poses significant challenges for companies, says the Financial Times’ Gillian Tett.
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

North American companies notch another record year for robot ordersNorth American companies struggling to hire workers in the tightest labor market in decades brought on more robots last year than ever before, with many earmarked for new electric vehicle and battery factories under construction.Demand for robots appears to have slackened near the end of the year, though,
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »