The Saudi capital market has witnessed a remarkable growth in listings in 2023, with a total of 49 companies listing on the Tadawul and Nomu exchanges. This is a 204% increase from the 24 companies that listed in 2022, and the highest number of listings in a single year since 2017.
The growth in listings is being driven by a number of factors, including:
- The Saudi government’s Vision 2030 economic reform plan, which is aimed at diversifying the economy and attracting foreign investment.
- The Tadawul’s efforts to make the stock market more accessible to investors, such as by introducing new products and services.
- The strong performance of the Saudi economy, which has been growing steadily in recent years.
The new listings include companies from a variety of sectors, including healthcare, technology, and financial services. This shows that the Saudi capital market is becoming increasingly diverse and attractive to investors from a range of industries. The growth in listings is a positive development for the Saudi economy, as it will help to raise capital for businesses and create jobs. It is also a sign of the confidence that investors have in the Saudi economy and its future prospects.