22/04/2018
Asharqia Chamber would organize the Forum in cooperation with Tadawul.
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that family business and the impact of listing on its growth and sustainability are going to be discussed at the Forum "Listing in the financial market." It is going to be organized by Asharqia Chamber in cooperation with the Capital Market Authority (Tadawul) under the patronage of His Excellency the Chairman of the Capital Market Authority (CMA), Mohammed bin Abdullah Al-Quwaiz, with the participation of officials and experts in the financial markets. The Forum would be on May 6, 2018, at the Chamber's headquarter.
AlKhalidi explained that the forum is going to address the issue of growth and sustainability of family business, the challenges faced by companies in terms of development, modernization, and direction to the path of placement and listing in the financial market, as well as the most important challenges and problems related to the rules of the proposal and how to prepare the files of the public offering, and other topics related to the subject of readiness and evaluation of companies.
Al Khalidi pointed out that the forum aims at helping the business sector in the Eastern Region to understand the importance of becoming a joint stock company. In fact, this is resulting in the preservation of business and supporting for its sustainability and growth across generations, which is reflected positively on the national economy and its objectives.
He stressed the importance of family businesses in the national economy and that its presence is strong and sustainable, which carries a sufficient indication of its strength. He is optimistic about the developmental steps in the financial market, implemented by the national will within the system of diversification of economic resources, which deepened the market and attractiveness and efficiency of performance within.
It is noteworthy that the Chamber and Tadawul-at this year's meeting-attracted a group of local and international expert houses, specialized experts, as well as representatives of local companies that are already included in the financial market in order to draw lessons from their experience in listing and how to circulate them to the business sector in the region. The two partners play an active role in raising the awareness of the business sector of the importance of listing in the financial market because it leads to the stability of the business and it is an indicators of its growth.
