“It looks quite busy over the upcoming period…We have seen eight new listings since the beginning of the year despite the pandemic. We also currently have over 15 applications we are currently reviewing for listing whether in the main market or the (parallel) Nomu market.”
-Mohammed bin Abdullah Elkuwaiz, Saudi Capital Markets Authority Chairman, on the high volume of IPOs in Saudi Arabia. The Saudi stock market (Tadawul) saw five IPOs in 2019, including oil giant Saudi Aramco, its biggest ever IPO and the largest in history. [Reuters]
