17 Hrs
Source:
الاقتصادية
Rise in TASI listing requests amid IPO slowdown
The number of IPO applications in the Saudi Stock Market (TASI) increased by 70% in the second quarter of this year, reaching 17 applications, despite no actual listings having occurred for 170 days— the longest pause in eight years. The Capital Market Authority did not approve any new offerings during the second quarter, raising questions about the reasons behind the delay in moving companies' applications to the execution phase. Despite the market's poor performance and low investor appetite, companies' desire to list remains strong, with demand continuing to grow. These developments reflect ongoing reform efforts aimed at enhancing the reliability of offering procedures and attracting investors once again.
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