Saudi health ministry launches initiatives to attract new listings

Saudi Arabia’s Ministry of Health has launched three initiatives to encourage private sector firms to list their shares on the local equity market, in line with the Financial Sector Development Program.

Under the first scheme, listed firms will have better access to the training programs offered by the ministry at lower fees, the ministry said in a statement.

These firms will also have a priority to get additional information about various reports, statistical data, and medical databases of listed healthcare service providers as well as other online information.

In the third initiative, listed firms will be granted a privilege to attend major events and conferences organized by the ministry, with several invitations and discount announcements, the statement added.

Last May, the Kingdom launched the Financial Sector Development Program 2020, as part of Saudi Vision 2030, Argaam earlier reported. 

The program is underpinned by three main pillars: enabling financial institutions to support private sector growth, ensuring the formation of an advanced capital market, and promoting and enabling financial planning.