Saudi Exchange (Tadawul): Listing Requirements and IPO Guide

Headquarters

Riyadh, Saudi Arabia

Region

Middle East & Africa

Market Focus

Large Cap & Energy

Overview

Saudi Exchange is the stock exchange of Saudi Arabia, owned by Saudi Tadawul Group. It is the largest exchange in the Middle East by market value, helped by the listing of Saudi Aramco in 2019.

Companies list on the Main Market or on Nomu, a parallel market with lighter requirements. Opening the market to foreign investors is part of Saudi Arabia's Vision 2030 programme.

Known For

Energy, petrochemicals, banking and telecoms
A strong pipeline of IPOs, including government asset sales
Nomu Parallel Market for smaller companies
Inclusion in major emerging market indices

Listing Considerations

The Capital Market Authority regulates listings
Foreign investors can participate through qualified investor and other access routes
Domestic retail investors and government-linked funds are major participants
Dual listings of companies already listed elsewhere are possible

Key Facts

Founded

2007 (as a joint stock company)

Operator

Saudi Tadawul Group

Regulator

Capital Market Authority (CMA)

Main Index

Tadawul All Share Index (TASI)

Currency

Saudi riyal (SAR)

Trading Hours

10:00 a.m. – 3:00 p.m. Riyadh time, Sunday–Thursday

Market Segments

Main Market, Nomu Parallel Market

Official website →

Listing Requirements

Main Market: audited financial statements for at least three years and a minimum expected market value at listing
Minimum public float and number of public shareholders set by the CMA's rules
Prospectus approved by the CMA
Nomu Parallel Market: lower thresholds, open to qualified investors, with direct listings possible

Summary of Saudi Exchange listing structure, checked November 2026. Detailed thresholds are set in the CMA's Rules on the Offer of Securities and Continuing Obligations and the exchange's Listing Rules.

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