The Saudi Stock Exchange’s (Tadawul) initial public offering (IPO) won’t take place this year, as it might be launched in 2019 or 2020, CEO Khalid Al Hussan told CNBC Arabia in an interview.
“The prospectus has been finished and we have an initial idea about the expected date of the listing, taking into account the variables that would expedite Tadawul’s IPO or keep it at the set date,” Al Hussan said.
The CEO had previously told Argaam that Tadawul is determined to go public.
The Kingdom’s stock exchange was established in 2007 with a capital reaching SAR 1.2 billion, with 120 million shares wholly-owned by the Public Investment Fund (PIF).
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