Under the patronage of the Minister of Trade 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 sessions held under the title \u201cTo achieve the national vision 2030.\u201d The forum addressed the role of the Saudi Stock Exchange (Tadawul) in providing financial market products and services with efficiency, effectiveness and excellence in order to achieve added value for all beneficiaries and market participants.<\/p>\n
Saudi Arabia's market is first in the Arab world and seventh in Asia<\/strong><\/span><\/p>\n For his part, Abdullah Al-Dayel, Relationship Manager of the Listing Department of the Saudi Stock Exchange (Tadawul), presented a working paper entitled \u201cParallel Market\u201d. Mr. Al-Dayel explained that the Saudi stock market is the largest in the Arab markets and the seventh largest in Asia, highlighted the procedures for listing companies in the Saudi stock market, and reviewed the requirements for offering and listing in the parallel market.<\/p>\n Trillion and 600 billion riyals is the size of the market value<\/strong><\/span><\/p>\n 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, \u201cthe parallel market\u201d. Growth\", and finally, the implementation of short selling by borrowing securities.<\/p>\n \u201cNomu is an alternative investment platform for businesses<\/strong><\/span><\/p>\n The Director of Listing Management Relationship for the Saudi Stock Exchange (Tadawul) pointed out that the parallel market \u201cNomu\u201d is characterized by lower listing requirements, and is considered an alternative investment platform for companies wishing to list, noting that it is intended for qualified investors only, and highlighting the requirements for offering and listing in it.<\/p>\n 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 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 recipes.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Under the patronage of the Minister of Trade and Investment Dr. Majid Al-Qasabi, the Family Business Forum 2017 reviewed the most important features of the future plan for the Saudi Stock Exchange, during the forum sessions held under the title \u201cTo achieve the national vision 2030.\u201d The forum addressed the role of the Saudi Stock Exchange (Tadawul) in providing financial markets products and services with efficiency, effectiveness and excellence to achieve added value for all beneficiaries and participants ... 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