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.
Saudi giga projects are a catalyst for French investments, says French Trade Minister Delegate Franck Riester
France would be keen to offer its proven expertise to design, build, and manage smart, sustainable cities
Updated 06 April 2021
April 06, 2021 22:16
RIYADH: With direct investment amounting to more than €3.7 billion ($4.37 billion), France is one of the largest investors in Saudi Arabia. Projects relating to the Vision 2030 program to diversify the Saudi economy offer yet more opportunities for strengthening the bilateral partnership. France is keen to share its expertise in such fields as energy, water, transport, new technology, and aerospace.
For Saudi investors, France’s innovation ecosystem and location make it an ideal gateway for trade with the EU. Franck Riester, French minister delegate for foreign trade and economic attractiveness, touched on these issues and more during an exclusive interview with Arab News.