Under the patronage of the Minister of Commerce and Investment, Dr. Majid Al-Qasabi, the Family Business Forum 2017 reviewed the most important milestones of the future plan for the Saudi Stock Exchange, during the forum's sessions held under the title “Achieving the National Vision 2030.” The forum addressed the role of the Saudi Stock Exchange (Tadawul) in providing financial market products and services efficiently, effectively and with excellence to achieve added value for all beneficiaries and market participants.

Family Business Forum 2017

Saudi market first in Arabia and seventh in Asia

<For his part, Abdullah Al-Dayel, Listing Management Relationship Manager for the Saudi Stock Exchange (Tadawul), presented a working paper entitled "The Parallel Market". Al-Dayel explained that the Saudi Stock Exchange is the largest in the Arab markets and the seventh largest in Asia, highlighted the procedures for listing companies in the Saudi Stock Exchange, and reviewed the requirements for offering and listing in the parallel market.

Abdullah Al-Dayel, Listing Management Relationship Manager for Saudi Stock Exchange (Tadawul), presented a working paper entitled “The Parallel Market.”

Trillion and 600 billion riyals market value

<The session highlighted the size of the Saudi Stock Exchange, which is the largest market in the region and the Arab world in terms of market value of SAR 1 trillion and 600 billion, with a review of the most important milestones of the implementation of the strategic plan, which began with the launch of the custodian independence program and the opening of direct investment by qualified foreign investors, the launch of a trading platform and allowing the launch of different asset classes and different strategies for trading, the launch of the first real estate ETF, the application of international standards for sector classification, the launch of a new investment platform, "Parallel Market. Nomu", and finally, the implementation of short selling by borrowing securities.

“Nomu” is an alternative investment platform for companies

Tadawul's Listing Management Relationship Manager pointed out that the parallel market “Nomu” is characterized by lower listing requirements and is an alternative investment platform for companies wishing to list, noting that it is intended for qualified investors only, and highlighted the requirements for offering and listing on it.

Nomu is an alternative investment platform for companies wishing to list. <It is noteworthy that the Family Business Forum 2017 is attended by decision makers in the Ministry of Commerce and Investment and relevant government agencies, owners of family and financial companies, executives, consultants and specialists to discuss and exchange the best local, regional and international practices related to the development and sustainability of family businesses, and aims to discuss the role of family businesses and their responsibility in achieving the Kingdom's Vision 2030, in addition to reviewing the best administrative and legal practices in local and international family businesses and reviewing the best applications to build energies in future generations to lead family businesses, and the best