In cooperation with the Saudi Stock Exchange (Tadawul), Asharqia Chamber launches the Financial Market Listing meeting next April.
AlKhalidi: The Forum urges family businesses to the transformation to input and insertion.
Under the patronage of His Excellency the Chairman of the Capital Market Authority (CMA), Mohammed bin Abdullah Al-Quwaiz, and with the participation of a number of international and local experts specialized in the listing and placement of companies in financial markets, Asharqia Chamber and in cooperation with the Saudi Stock Exchange (Tadawul) would held the Listing in the Financial Market Forum on Tuesday 24 April 2018.
The Chairman of the Board of Asharqia Chamber, Abdulhakeem Al-Khaldi, said that the forum would discuss a number of topics related to the issue of placement and listing in the financial market. It would also discuss the advantages and challenges of post-listing in the market, as well as reviewing the experiences of some companies in the decision to put their shares in the financial market.
Al Khalidi explained that the participants in the Forum are going to discuss the actual steps taken by some companies in their experience towards becoming listed companies in the financial market. In addition, they would discuss the expansionary steps in the financial market in establishing a second market to accommodate new companies and small and medium-sized enterprises and their impact on the growth and sustainability of these companies. They would also talk about the amendments to the duration of settlement of transactions listed in the Saudi Stock Exchange and other issues related to listing through actual experiences of companies that are already listed in the stock market. This is to draw lessons learned from these experiences and disseminate them to the business sector.
He pointing out that the organization of this Forum comes from the interest of Asharqia Chamber of the place of listing in the financial market. Also, it is to convey a clear message to the companies of the importance of turning it into a contribution if it wanted to keep its work from stumbling and to seek development and expansion in the future.
Al-Khalidi called on business owners, family companies, and those who are interested in the listing process to attend the Forum and to participate in the discussions on the importance of expanding and deepening the market through increasing the listing of companies' shares, encouraging family businesses to join the market, and ensuring the safety of performance.
In March 2016, Asharqia Chamber, in cooperation with Tadawul, launched a Forum about "Transforming family businesses into a contribution." This Forum concluded by spreading the ideas that the move and the reluctance of family businesses to become a joint stock company will achieve many of the future benefits of companies in terms of continuity and sustainability of the name and business activity of the company with increasing actual market value. The selection of financial advisers is a decisive point in the transformation.
