Saudi bourse plans equity market for SMEs

Saudi Arabia’s stock exchange plans to establish an equity market targeting small and medium-sized enterprises (SMEs) from 2017, it announced Monday.

The initiative, which is supported by the Capital Market Authority, would benefit SMEs by improving access to capital and encouraging corporate governance improvements, the bourse, commonly known as Tadawul, said in a statement.

It will launch an awareness campaign to highlight the value of listing on the market, it added.

Source: Reuters