Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) intends to establish an equity market targeting small and medium-sized enterprises (SMEs) by the beginning of 2017, according to a recent statement.
This decision was backed by the support and approval of the Capital Market Authority (CMA), in line with efforts exerted to achieve a strategic objective of boosting the capital market and supporting the national economy.
The listing will provide several benefits to SMEs, including “access to capital and national visibility, encouraging them to improve corporate governance and disclosure, enabling further development and growth.”
