Will Saudi IPO Rule Changes Reshape Gulf Listings?

Bloomberg reports that Saudi Arabia plans to proceed with IPO rule changes despite banker warnings about investor protections and aftermarket stability. The Saudi Capital Market Authority aims to attract more issuers and deepen liquidity on Tadawul, aligning with Vision 2030. Saudi Aramco's 2019 IPO raised $29.4 billion and a June 2024 secondary sale raised about $11.2 billion, signaling continued use of public markets for funding. Bankers caution that overly loose standards could increase volatility and deter institutional participation. Founders and CFOs exploring Tadawul or Nomu should prepare for IFRS reporting, bilingual disclosures, and careful offer design. Foreign investors will track QFI access, index inclusion, and settlement practices as the market evolves. Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.