Saudi Arabia’s stock exchange has introduced a new Capital Management System to streamline the initial public offering process, lowering costs for companies, and broadening investor participation.

In an interview with Arab News at the Capital Markets Forum in Riyadh on Tuesday, Mohammed Al-Rumaih, CEO of Saudi Exchange, explained that the new system is set to transform the Kingdom’s capital markets by making IPOs faster, more affordable, and accessible to a wider range of investors.

He further elaborated, saying: “Now we have 15 connected to our system, resulting in greater coverage, more investors, and quicker listings after book closing. This was a soft launch, but today we announced its expansion to all markets, including the main market.”

Regarding international investor participation in the Saudi market, Al-Rumaih dismissed concerns about significant barriers, pointing to the steady growth in foreign investment inflows.

Source: ARABNEWS