Tadawul, MSX sign agreement to enable dual listing

Agreement signing ceremony

The Saudi Exchange (Tadawul) signed an agreement with Muscat Stock Exchange (MSX) to enable dual listing for companies looking to simultaneously list shares in both Saudi Arabia and Oman.

In a Tadawul statement today, Dec. 22, the Saudi bourse pointed out that the deal aims to ensure an organized market for trading shares across Tadawul and MSX. It will also allow sharing of relevant information on dual-listed securities in both exchanges to fulfill regulatory requirements.

This is besides coordinating efforts to carry out corporate actions for dual-listed securities, in addition to other areas of collaboration required to enable trading on the two exchanges.

In 2021, a memorandum of understanding (MoU) was signed between Saudi Tadawul Group Holding Co. (Tadawul Group) and MSX to exchange information and cooperate for the advancement of the Saudi and Omani stock markets.