Riyadh, Saudi Arabia—Saudi Tadawul Group has recorded another listing of a company on its stock exchange, the 39th listing since the beginning of the year,
According to Mohammed al-Rumaih, CEO of Tadawul. the Capital Market Authority has approved 18 listings through 2022.
This number surpasses the 2021 figure, which saw 21 listings, as well as the number witnessed in 2020, when the market recorded only eight listings, according to the CEO of Saudi Arabia’s stock exchange.
Tadawul is also working on developing a market marker for the stock exchange, al-Rumaih added, without giving further details.