|25 November, 2019

Saudi Tadawul among top 10 markets after Aramco IPO - CEO

Net foreign investments entering the Saudi market since the beginning of the year exceeded $22bln: CMA chairman

Khalid al-Hussan, Chief Executive Officer of the Saudi Stock Exchange (Tadawul), speaks during a news conference after the inclusion of MSCI EM to the Saudi Stock Market in Riyadh, Saudi Arabia June 21, 2018.

Khalid al-Hussan, Chief Executive Officer of the Saudi Stock Exchange (Tadawul), speaks during a news conference after the inclusion of MSCI EM to the Saudi Stock Market in Riyadh, Saudi Arabia June 21, 2018.

Reuters/Faisal Al Nasser

Riyadh – Mubasher: Listing the Saudi Arabian Oil Company (Saudi Aramco) on the Saudi Stock Exchange (Tadawul) will help attract more liquidity and foreign investments, according to Saudi Capital Market Authority (CMA) Chairman Mohammed bin Abdullah Elkuwaiz.

Net foreign investments entering the Saudi market since the beginning of the year exceeded SAR 82 billion, Elkuwaiz said during an event organized on Sunday by the Riyadh Chamber.

Meanwhile, Tadawul CEO Khalid Al Hussan said that the Aramco initial public offering (IPO) will strengthen the Saudi bourse, making it among the top ten markets in the world in terms of market capitalization.

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