Mohammed Elkuwaiz Chairman of the CMA
The Capital Market Authority (CMA) has 80 listing requests and approved other 16 applications in 2022, Rotana Khalejia reported, citing the market regulator’s Chairman Mohammed Elkuwaiz.
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He confirmed that the CMA published research on its website showing that there is no relation between the increase in the number of subscriptions and weak liquidity.
The value of IPOs reached SAR 40 billion in 2022, Elkuwaiz said, noting that net foreign cashflows injected into the market amounted to SAR 43 billion last year.
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