With the support and approval of the Capital Market Authority (CMA) and in effort to achieve the strategic objective of deepening the capital market and supporting the national economy, the Saudi Stock Exchange (Tadawul) plans on establishing equity market targeting SMEs beginning of 2017.
This key initiative supports the national economy given the significant role of SMEs through increasing competitiveness and enabling them to achieve sustainable growth. Being listed in this market will provide several benefits to SMEs such as access to capital and national visibility, encouraging them to improve corporate governance and disclosure, enabling further development and growth. Tadawul plans on establishing this equity market with appropriate requirements for SMEs and investors allowing a wider range of companies to benefit whilst fostering an efficient investment environment.
Tadawul will launch an awareness campaign highlighting the value of listing in this market for SMEs in order to support their continuity and development; and the potential investment opportunities for investors.