03/10/2018
On Wednesday, October 3, 2018, the Saudi Stock Exchange (Tadawul) in cooperation with Asharqia Chamber presented a workshop on the latest developments in the Saudi stock market at the headquarter of the Chamber in Dammam.
This workshop comes in cooperation with the Saudi Stock Exchange (Tadawul) to raise awareness to encourage companies on the issue of listing and transformation into a contribution.
The workshop tackled several topics that reviewed the best ways to list companies in the Saudi stock market, to stimulate family businesses to be included in the financial market, and ways to turn companies into public shareholding companies, as well as the advantages and benefits of listing and challenges that some companies may face in the pre-listing phase.
A member of the Board of Directors of Asharqia Chamber, Salah bin Abdul Hadi Al-Qahtani, explained that the inclusion of companies in the financial market is at the heart of good governance, through which the rules of transparency and disclosure are firmly established and access to sources of funding increases, which helps to increase the volume of production and operation and greatly expand the volume of economic activities.
The turnout of companies towards the IPO in the financial market reflects the strategic perspective and keen attention of the owners of companies on the continuity and growth.
He added that despite the success achieved by the Capital Market Authority in doubling the number of listed companies, many companies are reluctant to enter the financial market, either for fear of a decline in the value of their shares or the decentralization of their management or other concerns that come within the framework of misconceptions about the introduction of companies in the financial markets.
In conclusion, the great efforts exerted by our prudent government represented by the Capital Market Authority (CMA) have made continuous improvements in the process of listing and regulating the financial market.
A- Qahtani honored the speakers from the Capital Market Authority (Tadawul).
