Riyadh – Mubasher: Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange (Tadawul) revealed that the Main Market and the Parallel Market (Nomu) welcomed more than 45 initial public offerings (IPOs) in 2024.
On the sidelines of the Capital Market Forum (CMF) 2025 conference, Al Rumaih highlighted that the Saudi market became the fastest growing worldwide in terms of the number of listed companies last year.
He added that the market registered six new listing in January 2025, compared to only two listings in January 2024.
The CEO mentioned that there are currently more than 15 offerings upon approval, in addition to more than 50 applications under review by the Capital Market Authority (CMA).
As for the IPO Management System, Al Rumaih said it effectively contributed to boosting the coverage of offerings and reducing costs for companies planning to list. It also helped in shortening the procedures by 50%.
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