Tadawul to be Open for Listing of Government Assets

On Tuesday 31st March 2020, the government of Saudi Arabia issued the green-light for privatising government assets by listing them on the Saudi Stock Exchange, Tadawul.

The listing is to take place following an initial-public-offering (IPO), which could either be direct or indirect as stated in a report by the state-run Saudi Press Agency (SPA). It was further mentioned that the indirect IPOs for these assets would be done via companies that own the government stakes in relevant projects.

The government is aiming to generate between USD 9 Billion to USD 10 Billion from this program, by the end of year 2020.

Privatising government assets in orde...