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  • 30-10-22

    CEO: global firms seek to get approval for double register on Tadawul

    (MENAFN) Non-Saudi firms are anticipated to shortly be capable of getting an approval for dual register on the Saudi market, as said by the chief executive of Tadawul.

    Firms need to invest to grow in some of the sectors, Mohammed Al-Rumaih informed Argaam, pointing out that the capital market targets to be the initial associate to supply investments for the growth of the firms and the index.

    He also noted that Tadawul operated on the market maker system, targeting at expanding market competence as well as effectiveness via increasing liquidity, in line with economic institutions on top of the Capital Market regulator.

    Tadawul Group saw its 39th registering of 2022 on the 25th of October, with 18 registering submissions accepted by the CMA during this year, according to what was said by Mohammed al-Rumaih to Al Arabiya.

    This figure exceeds the last year’s number, which witnessed 21 registering, in addition to the figure recorded two years ago, when the market registered just eight, as said by the chief executive.

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