Asian firms in talks to list shares on Tadawul: Al-Rumaih

Several Asian companies are currently in talks to list their shares on the Saudi Exchange (Tadawul), CEO Mohammed Al-Rumaih told Reuters.

These companies are evaluating opportunities to tap into the Kingdom’s diverse investor base, as Saudi Arabia is considering a new listing framework aimed at facilitating foreign equity sales.

By the end of last month, Asian investors accounted for approximately 15% of total international investors under Saudi Arabia’s qualified foreign investor (QFI) program. This implied growing Asian interest for investments amid increasing momentum for cross-border capital market activity.

This trend marks a step toward enhancing listing flexibility, including new structures and share classes, aligned with the evolving needs of both companies and investors, Al-Rumaih said. Such initiatives help lay the foundation for cross-border participation and innovation, he noted.