10/04/2018
The Forum would be organized by Asharqia Chamber in cooperation with Tadawul on May 6.
Asharqia Chamber and Saudi Stock Exchange Company (Tadawul) has set a new date for the establishment of the forum (Listing on the Financial Market) on May 6th under the patronage of His Excellency the Chairman of the Capital Market Authority Council, Mohammed bin Abdullah Al-Quwaiz. It would take place at the headquarter of the Chamber, and with the participation of international and local experts specialized in financial markets.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim AlKhalidi, said that the forum comes in cooperation with the Saudi Stock Exchange Company (Tadawul), in light of the active economic movement on the restructuring of the Saudi market in accordance with institutional procedures, including the values of transparency and disclosure. He pointed out that it aims to encourage companies to be listed in the stock market because of the positive effects on their growth and sustainability.
AlKhalidi pointed out that the forum attracts a group of experienced houses in the field of listing in order to discuss a number of important aspects in the issue of placement and listing in the financial market. For example, the Forum would be discussing the following aspects: the expansionary steps in the financial market by establishing a second market that accommodates new companies and SMEs, the amendments to the time period for settling securities transactions listed on the Saudi Stock Exchange, as well as the positives and challenges of post marketing, and other topics related to listing through actual experiences of companies that already listed in the stock market to draw lessons from these experience and disseminate them to the business sector.
AlKhalidi emphasized that the organization of the forum this year comes from the interest of Asharqia Chamber of the importance of listing in the financial market, and in order to convey a clear message to companies about the importance of becoming a contribution, if they want to preserve their work towards sustainability. He addressed the business sector in the Eastern Province to attend the forum and participate in its discussions.
In March 2016, Asharqia Chamber in cooperation with Tadawul launched a forum in transforming family businesses into a contribution. It concluded that the move toward becoming a joint stock company would achieve many of the future benefits of companies in terms of continuity and sustainability of the name and business activity of the company with increasing actual market value, and that the selection of financial advisers is a decisive point in the transformation.
