image description
image description
Tell A Friend

Archives


  • 13-02-23

    CMA head: Saudi bourse has 23 new firms planning for IPO this year

    (MENAFN) A minimum 23 firms are planning for a first public offering in Saudi Arabia’s share exchange, as the nation emerges as a worldwide economic center along with the targets highlighted in Vision 2030, as stated by top representative.

    While giving a speech at the second edition of the Saudi Capital Forum in the Saudi capital, Riyadh, on Sunday, Mohammed El-Kuwaiz, head of the Saudi Capital Market Authority asserted that last year was a peak year for the Saudi capital market, with 49 registering, in addition to SR40 billion (USD10.66 billion) collected in equity capital; the peakiest figure in any single year, excluding 2019 when Saudi Aramco was registered.

    “Today, there are 23 of those companies on the runway, waiting for the appropriate time for an initial public offering,” according to El-Kuwaiz.

    He also mentioned “2022 was a record year in terms of the number of IPOs. We had 49 listings, which includes listings in the main market, listings in Nomu, as well as listings of other investment products. Last year, the capital markets raised about SR40 billions of equity capital, which was actually the highest number that was raised in any single year barring the year of the listing of Saudi Aramco.”

    MENAFN13022023000045014228ID1105563340

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved