Listing of industrial entities to boost expansions, overcome challenges: official

AbdulRahman Aljubiry, spokesperson of the Saudi Industrialists Forum Initiative

Listing the industrial entities on the Saudi Exchange (Tadawul) will help boost industrial indicators, which will positively reflect on the companies’ solvency and financing, Al Ekhbariya TV reported, citing AbdulRahman Aljubiry, Spokesperson for Saudi Industrialists Forum Initiative.

Listing will bolster a company’s expansion within the sector, in line with industry challenges, in a way that will fulfill a comprehensive development of the Saudi products in light of the quality requirements.

This, in turn, will enable these entities to generate high returns, adopt a competitive business portfolio, and offer distinguished business climate.

Last week, Saudi Authority for Industrial Cities and Technology Zones (MODON) launched an incentive package to encourage companies list shares on Tadawul, Argaam reported.

These incentives stipulate that industrial firms seeking to list shares will be given priority to obtain land plots and factories, a manager will be appointed to accelerate and ease doing of businesses, and these companies will be granted the built-to-suit-model right.