Saudi Stock Exchange CEO Sees Strong IPO Pipeline in Busy Year
Visitors sit in a room displaying stock price information inside Tadawul in Riyadh, Saudi Arabia.
Photographer: Abdulrahman Abdullah/BloombergThis article is for subscribers only.
The slew of initial public offerings that’s made Saudi Arabia one of the hottest listings markets this year is unlikely to slow down, according to the chief executive officer of the country’s main stock exchange.
“What we’ve seen so far is great indications that this will not slow down in terms of pipeline,” Mohammed Al-Rumaih, CEO of the Tadawul stock exchange, said in an interview on the sidelines of Saudi Arabia’s Future Investment Initiative conference in Riyadh.