Saudi stock exchange to be IPO-ready by 2020: official

27/01/2019 Argaam

 

Saudi Arabia is expecting to list the Saudi Stock Exchange (Tadawul) for initial public offering (IPO) by the end of 2020, regardless of the entry of foreign investors, chairperson Sarah Al Suhaimi said.

 

“Tadawul still awaits the completion of the listing procedures,” Zawya quoted Al Suhaimi as saying on the sidelines of the World Economic Forum (WEF) in Davos that concluded last week.  

 

“We expect the completion of these procedures by the end of 2020 in order to take a decision regarding the IPO when it is ready,” she further added.

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