RIYADH: The Saudi Stock Exchange (Tadawul) celebrated today the listing of Al Moammar Information Systems Company (MIS) on the Main Market, in the presence of Eng. Khalid Al Hussan, CEO of Tadawul, and Mr. Ibrahim Al-Moammar Vice Chairman of MIS. The listing, which took place at the Financial Sector Conference (FSC), marks the first company to be listed in the IT sector within a total of 201 listed companies.
On this occasion, Al Hussan, said: “We are pleased today to list the first company in the IT sector, and we look forward to expand the number of companies listed in this promising sector. We provide listed companies with ongoing support by continuously working with the Capital Market Authority (CMA) to improve the listing rules, and collaborating with government entities to offer incentives catered for listed companies. We are also cooperating with the chambers of commerce all over the kingdom to hold listing forums in an aim to raise awareness and enhance our interaction with companies and all related stakeholders.”
On his end, Al Moammar commented: “We are very pleased to celebrate today the listing of Al Moammar Information Systems Company (MIS) on the Saudi Stock Exchange as the first IT company, in conjunction with the On his end, Al Moammarcommented: “We are very pleased to celebrate today the listing of Al Moammar Information Systems Company (MIS) on the Saudi Stock Exchange as the first IT company, in conjunction with the Financial Sector Conference (FSC). We look forward to continued contribution to the growth of the Saudi economy in general, and the digital economy in particular under Vision 2030. We are also committed to further develop the services and solutions we provide our clients, to maximize the return on our investors, and create a positive working environment for our employees under the guidance and support of our wise leadership in the kingdom, represented in the Custodian of the Two Holy Mosques and his Crown Prince, may Allah preserve them”.
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About Tadawul
Saudi Stock Exchange (Tadawul) is the sole entity authorized in the Kingdom of Saudi Arabia to act as the kingdom’s securities exchange (the Exchange), listing and trading in securities. The Saudi stock market is the 24th largest stock market among the 67 members of the World Federation of Exchanges and is the dominant market in the Gulf Cooperation Council (GCC) comprising 51 percent of total GCC market capitalization and 80 percent of value traded. The Exchange is the 7th largest stock market amongst its emerging market peers. For more information see: www.tadawul.com.sa.
Tadawul Contact:
Mohammed Al Abdullah
+966 (54) 541-1133
mohammed.abdullah@tadawul.com.sa
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