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Tadawul participates in ‘Biban Makkah’ forum

(10/31/2018 7:41:00 AM)

The Saudi Stock Exchange (Tadawul) is participating in the ‘Biban Makkah’ forum through the “Business Accelerator” gate aiming to support Small and Medium Enterprises (SMEs) and raise awareness on the importance of strengthening their corporate infrastructure in the face of growing competition.

Organized by Monsha’at, the Small & Medium Enterprises General Authority, the forum will be held in the Jeddah International Exhibition and Convention Center from October 31 to November 3, 2018 under the patronage of Prince Khaled Al-Faisal, Governor of Makkah, and in the presence of Dr. Majid Al Qasabi, Minister of Commerce and Investment and Chairman of (Monsha’at).

Tadawul will also conduct a special workshop - “The Listing Journey and An Overview of Nomu- Parallel Market” - to explain the advantages, criteria and requirements of listing SMEs on Nomu; an alternative platform with lighter listing requirements for companies, especially SMEs. Nomu provides an additional source of funding and promotes best practices in governance and financial disclosure; contributing in enhancing the investment and economic capabilities of SMEs so as to activate their role in leveraging the country’s economic status. The workshop will also highlight launching a number of incentives by government entities for listed companies as well as the benefits and challenges of IPOs.

Saudi Gazette