Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) is likely to go public over the next two or three years, but this is pending the approval of the Saudi Council of Economic and Development Affairs, Tadawul officials said.
A workshop was organised by commerce chamber in Madinah to discuss the role played by the Saudi market in boosting the growth of private companies.
As long as the management is away from ownership, the limited liability company will stabilise and accelerate its growth rate, which will facilitate its listing procedures, Economist Ali Al-Shitiri told Al-Riyadh newspaper.
Economist Ibrahim Al-Muqhim said family businesses should develop solutions to ensure their continuity, noting that one of the offered solutions is listing on the stock market.
The market value of listed stocks should not be less than SAR 100 million, said Mohammed Al-Malik, official at Tadawul.
