TOPICS
TADAWUL

The Saudi Aramco IPO: Back to basics

Sunday, 25 March 2018

Despite some intense lobbying by international stock markets like London and also New York, there now seems to be a new realism setting on when and where the planned Aramco IPO might take place.The message from Saudi Energy Minister and Aramco Chairman Khaled al-Falih is that the Kingdom has not yet decided on a final venue for its dual Saudi-international listing, with not only London, and New York, but also Singapore and Hong Kong vying for this prestigious listing.Once again, the delay in ...

Dr. Mohamed A. Ramady

Global stock market meltdown: Black October 1987 again?

Wednesday, 7 February 2018

Once again world stock markets are in the grip of herd mentality whip- saw trading losses, raising fears of a global meltdown like the one in October 1987.Is this fear justified and are there differences between the two events, or even with the so- called Black Monday of August 2011 which witnessed the largest one-day stock market fall following the credit downgrading of the US by Standard & Poor from the coveted top tier AAA to AA+.But on Friday 2nd February the US Dow Jones index fell ...

Dr. Mohamed A. Ramady

Listing Aramco on Saudi Tadawul remains an option

Wednesday, 3 January 2018

While all eyes were firmly glued on speakers and the bold new mega project initiatives rolled out at the recent Future Investment Initiative organized by the Public Investment Fund (PIF) in Riyadh last year, Saudi Stock Exchange Tadawul’s CEO Khalid al-Hassan asserted that Tadawul aspired to be the main exchange in the region and to be the exclusive venue for the planned Aramco IPO listing. The Kingdom has not yet decided on a final venue for its dual Saudi-international listing, with ...

Dr. Mohamed A. Ramady

Saudi Stock Exchange is now on MSCI Emerging Market Index Watch List

Wednesday, 21 June 2017

The Saudi Stock Exchange (Tadawul) has announced on Tuesday that it has been named by index compiler MSCI to be on the organization’s Emerging Market Index Watch List. “Saudi Arabia’s addition to the MSCI Watch List is an important milestone for Tadawul, and reflects the Kingdom’s significant progress in capital market reform in support of Vision 2030,” Market Watch quoted Sarah Al-Suhaimi, Chairperson of Tadawul, as saying. She added: “Potential inclusion in ...

What are the six main differences between Saudi’s Tadawul and Nomu?

Sunday, 26 February 2017

The Saudi Stock Exchange (Tadawul) is to launch on Sunday the ‘Nomu-Parallel Market,’ an alternative equity market with lighter listing requirements compared to the main market.Below are the six major differences between the main exchange and the parallel market:ListingParallel Market: Must be public offeringMain Market: Must be initial public offeringMarket CapitalizationParallel Market: 10 million riyalsMain Market: 100 million riyalsListing percentageParallel Market: Not less than ...

Saudi Arabia prepares to launch parallel market ‘Nomu’

Saturday, 25 February 2017

The Saudi Stock Exchange (Tadawul) is to launch on Sunday the ‘Nomu-Parallel Market’, listing nine Saudi companies out 77 which applied to be listed on the index designed to buttress and further increase growth and business development of the financial market. Nomu-Parallel Market is an alternative equity market with lighter listing requirements compared to the main market.This will serve as an alternative platform for companies to go public, and the investment in this market will be ...

Tadawul to adopt Global Industry Classification Standard for listed firms

Monday, 5 December 2016

New developments on economic front necessitate changes to be reflected in the classification of companies

Saudi CMA may relax investor rules to join world indices

Tuesday, 20 October 2015

On June 15, the Saudi stock exchange, the Tadawul, became one of the last major emerging markets to let foreigners buy shares directly

Opening of Tadawul: Australia welcomes Saudi Arabia’s reform

Monday, 15 June 2015

By liberalizing Tadawul, Saudi Arabia is demonstrating its willingness to make a down-payment towards achieving these objectives

Andrew Robb

Arab shares hit high ahead of Saudi market opening to foreigners

Saturday, 2 May 2015

Pan-Arab stocks reached their highest level since 2009 after Saudi Arabia confirmed its market will open up on June 15, says S&P

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