Asian Companies Plan to List on Saudi Stock Market: Report
Several Asian companies are talking with Saudi officials about listing their shares on the Saudi stock market. Mohammed Al-Rumaih, the CEO of the Saudi Exchange, said the kingdom is working on new rules to make it easier for foreign companies to sell their shares there.
Talks with Asian Companies
Al-Rumaih said in an email to Reuters that more cross-border investment activity is happening, and Asia is a key partner in this growth. While he didn’t name specific companies, he confirmed that talks are ongoing with Asian firms interested in entering the Saudi market, which offers a strong and diverse investor base.
Last week, financial regulators from Hong Kong and Saudi Arabia said they are exploring ways to allow more cross-border financial products. Al-Rumaih added that Hong Kong and mainland China are becoming important partners in developing Saudi Arabia’s capital markets.
He also mentioned opportunities to strengthen ties by allowing companies to list in both markets, offering ESG-linked (environmental, social, and governance) products, and improving access for investors in both directions.
He noted that the growing energy relationship between Saudi Arabia and China is helping this financial cooperation move forward, aligning with the goals of both countries.
What to Watch
Last month, Saudi Arabia’s Capital Market Authority asked for public feedback on new rules for offering and listing different types of shares. Al-Rumaih said this is a step toward making listings more flexible to meet the changing needs of companies and investors.
Surprising Fact
As of last month, about 15% of international investors in Saudi Arabia’s Qualified Foreign Investor program were from Asia, showing the region’s growing interest in Saudi markets.
IPOs This Year
In the first quarter of 2025, Saudi Arabia raised $1.1 billion from IPOs, making up 69% of total IPO proceeds in the region, according to PwC Middle East’s report. This strong result was due to three big IPOs and steady growth in the Nomu parallel market, where six more listings raised $62 million. This confirms Saudi Arabia’s leading role in the region’s capital markets.
Across the GCC, there were 11 IPOs in Q1 2025, raising $1.6 billion—up from $1.2 billion from 10 IPOs in the same period last year.
Published: 7th June 2025
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