Tadawul CEO says 40 listing applications under review

Mohammed Al-Rumaih, CEO of of the Saudi Exchange (Tadawul), said the Saudi market has witnessed more than 40 listings since the beginning of 2025, and over 40 companies have already submitted listing applications to the Capital Market Authority (CMA) and Tadawul.

 

Including companies currently in the process of appointing financial advisors and lead managers, the total number rises to between 80 and 100 across the Main Market and Nomu-Parallel Market.

 

Speaking during a panel at the Future Investment Initiative Priority Summit – Asia, held in Tokyo, Al-Rumaih said the next phase for the Saudi market is to build on this momentum and create a clear pathway for companies. He highlighted the CMA’s approval to launch the Saudi Depositary Receipts (SDRs), which are the preferred mechanism for companies seeking dual listings.

 

The Saudi market has seen substantial growth in the number of foreign investors over the past 10 years, the CEO said, noting that the highest growth rates in the past two years came from Asian investors.

 

Al-Rumaih also said a comprehensive renewal of the derivatives market will take place in Q1 2026, with the aim of enabling the market to achieve its objectives in risk management.

 

He noted that this will affect liquidity in the main market, and that if each market operates with the efficiency of the equity market, it will further boost liquidity and attract both local and foreign investors.