Saudi CMA approves 29 out of 70 offering, listing requests in 2021: official

26/12/2021 Argaam

Logo of Capital Market Authority 


The Capital Market Authority (CMA) received more than 70 requests from companies to offer and list their shares on the main and parallel markets since the beginning of 2021, Al Eqtisadiah newspaper reported, citing Abdullah Binghannam, CMA Deputy for Listed Companies and Investment Products.

 

He added that the authority approved 29 requests and declined the remaining for failing to fulfill the regulatory requirements.

 

The Financial Sector Development Program aims to develop the performance of the capital market, as it set a goal of listing 20 companies in 2021, Binghannam added.

 

He indicated that the authority is currently working through its strategic plan, in line with the initiatives of the Financial Sector Development Program, to increase the number of listings in the capital market over the coming years.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.