Saudi Arabia to become most active market for share offers

Business Sunday 01/May/2016 12:30 PM
By: Times News Service
Saudi Arabia to become most active market for share offers

Muscat: Saudi Arabia is set to become the region’s most active market for initial public offerings and private equity investment if government plans to boost the economy are successful, according to experts set to speak at Euromoney Saudi Arabia Conference 2016 in May.
Recent projections by the Capital Market Authority (CMA) suggest that the Tadawul All Share Index will grow to 250 listed companies over the next seven years, up from its current total of 170, said a press release.
An increase in the volume of IPOs — and particularly offerings such as the mooted listing of a stake in oil major Saudi Aramco — is likely to drive significant growth, in addition to the launch of a secondary market for small and medium enterprises (SMEs).
Delegates will be able to learn more about the development strategy from an exclusive on-stage interview with Mohammed Al Jadaan, chairman of the Capital Market Authority, on the first day of the Euromoney Saudi Arabia Conference.