Organized by Asharqia Chamber in cooperation with the Saudi Stock Exchange (Tadawul).
The Listing Forum discusses corporate governance and legal challenges towards becoming a contributor.
Eight aspects on the table of the forum, which will start next Sunday.
Under the patronage of His Excellency the Chairman of the Board of the Capital Market Authority, Mohammed bin Abdullah Al-Quwaiz, Asharqia Chamber in cooperation with Tadawul will organize the Forum "Listing in the Financial Market" on Sunday 6 May 2018 at the Chamber's headquarter in Dammam. The Forum aims to enhance the listing of private sector companies in the financial market, in line with the requirements of the current economic phase.
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the financial market in the Kingdom is witnessing an increasing development in terms of regulation and procedures leading to financial leadership by 2020, which increased its investment attractiveness and raise the efficiency of performance. He pointed to the recent adoption by the Capital Market Authority Council of two resolutions relating to the rules for issuing securities and continuing obligations, the rules regulating special purpose entities as final, as well as the statute of the special purpose entity.
Al Khalidi stressed that in light of this active movement on the restructuring of the financial market in accordance with the procedures of governance, including the values of transparency and disclosure and other rules of regulation, comes the forum of listing in the financial market in order to encourage private sector companies to list in the stock market.
Al Khalidi explained that the forum presents eight main topics in discussing all issues of listing in the financial market, both in terms of changes in the rules of placement and listing, the readiness of the company to put forward and how to prepare the offering file and methods of valuation, or in terms of corporate governance and legal challenges to the contribution, as well as the impact of listing on the growth of companies. It is also offering a range of local experiences to companies already listed in the financial market.
Al Khalidi said that as part of its joint efforts with the Saudi Stock Exchange (Tadawul), the Chamber is seeking to introduce the listing in the financial market to the business sector in the Eastern Region as to the importance of listing in the financial market, which it opens the financing gateway and gives them preference in banking facilities, and thus be able to merge and acquisition. He pointed out that there are intensive preparations by the responsible team within the Chamber of the Forum. He said that the forum would witness the participation of a large number of local and international expert houses, academics, and specialists in the placement and listing in the financial market.
He praised the patronage of His Highness the Chairman of the Capital Market Authority (CMA), Mohammed bin Abdullah Al-Quweiz, for this year's forum. He called on the business sector in the region to attend and enrich the forum with dialogue and discussion.
