RIYADH:  The Saudi Stock Exchange (Tadawul) celebrated today the listing of the National Company for Learning and Education (NCLE) on the main market, in the presence of Mr. Mohammed Al Rumaih, Chief of Markets at Tadawul, and Mr.  Khalid Al Khudair, Vice Chairman and Managing Director of NCLE.

In his opening speech Al Rumaih said “2018 was an exceptional year for the Saudi Stock Exchange with many achievements including the status upgrade to an Emerging Market  through MSCI, FTSE Russell and S&P indices along with the plans to launch a derivatives market and a joint tradeable index with MSCI”.  Al Rumaih concluded by congratulating NCLE Management for the successful listing.

On his end, Al Khudair emphasized on the significance of the listing, pointing out that the proceeds will help in financing new educational complexes planned in several areas around the Kingdom, which will amplify the Company’s capacity by 2021. “I would like to thank the Capital Market Authority (CMA) and Tadawul for their support throughout the listing journey” Al Khudair concluded.

The National Company for Learning and Education is the second company to list on the main market this year, joining a total of 190 companies listed on Tadawul’s main market.

-Ends-

© Press Release 2018

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