Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced on Thursday planning to launch an initial public offering (IPO) in 2018 after completing the readiness exercise and obtaining the necessary approvals.
The Exchange is the sole entity authorized to carry out trading in securities in the kingdom and it holds a leading position among emerging markets in terms of its liquidity and traded value, said Chairman Khaled bin Ibrahim Al Rabiah, adding that Tadawul would announce its readiness exercise developments as it occurs.
The Saudi market represents 51% of the total value of GCC capital markets and 79% of total traded value in the Gulf region.
