Saudi Arabia: Tadawul to Launch Its Own IPO After 2021
Published December 13th, 2020 - 11:00 GMT
This is a significant step in introducing sophisticated market products and creating a trading environment that is attractive to local as well as international investors. (Shutterstock)
Tadawul, the Saudi stock exchange, next year will start laying the groundwork for its own initial public offering (IPO), with the launch expected some time after 2021, but it is unlikely to be the only big listing as the Kingdom evolves to become a big player on the global capital market.
Khalid Abdullah Al-Hussan, CEO and board member of Tadawul, confirmed the long-awaited share sale will take place after 2021, depending on the progress of initial preparations.