“Saudi Tadawul”, “Muscat Stock Exchange” sign an agreement to enable companies to double-list on the two markets

Saudi Tadawul and the “Edaa” company announced the signing of two agreements with each of the Muscat Stock Exchange and the Muscat Clearing and Depository Company.

This agreement aimed to improve investors’ access to two of the thriving financial markets in the Gulf area. It also allowed firms to have dual listings on the Saudi and Omani financial markets.

This agreement ensures the existence of an organized market for stock trading through Tadawul Saudi Arabia and the Muscat Stock Exchange.

The signing aims to ensure the sharing of information related to securities listed on both markets according to regulatory requirements.

The agreement aims to coordinate efforts to implement corporate procedures for dual-listed securities and cooperate in key areas to enable dual-listing operations.

To make it simple for dual-listed firms to transfer shares between the Kingdom of Saudi Arabia and the Sultanate of Oman, Edaa struck an agreement with the Muscat Clearing and Depository Company.

The two agreements were signed on the sidelines of the Riyadh Gulf Financial Markets Committee conference. They were an extension of a memorandum of understanding signed by the Saudi Tadawul Group with the Muscat Stock Exchange in 2021.

An advanced financial market and new investment opportunities in Saudi Arabia and the Sultanate.

This cooperation represents an invaluable achievement for the Kingdom and the Sultanate of Oman at a time when the two countries seek to develop an advanced financial market.

It provides new investment opportunities at the local and international levels for exporters and investors alike.