halid Al Hossan, Tadawul’s chief executive officer, said the bourse ” Saudi Arabia expects a flow of $ 15 to $ 20 billion in inactive funds or PASSIVE FUNDS this year.”
Horses revealed that cross-border listing laws will be finalized in the Saudi market in the second quarter of this year as potential investors from the Gulf are working on new laws.
The “horse” that Gulf companies have expressed interest in the cross-border inclusion in the Saudi market.
Tadawul recently announced the launch of a number of changes to the growth of the ” parallel” market with the aim of developing the market, increasing the number of listed companies and liquidity.
These changes will be applied in two phases, the first in the current quarter, and the second in the second quarter of this year.
Phase 1 changes include allowing companies to list directly in a non-subscription “growth” and identify an orderly transition mechanism for companies from the parallel market to the main market, as well as converting financial reports from quarterly to semi-annual and updating the offering mechanism by updating the minimum liquidity for listing and reducing The minimum of normal transactions and the establishment of a parallel market index with a higher limit.
The second stage changes include the inclusion of closed investment funds and REITs in the parallel market, application of price fluctuation limits and the allocation of a special fund for research and analysis
BY ALARABIYA NES|GOOGLE TRANSLATE
