Listing of state assets planned for privatisation
31 Mar 2020
On 31 March 2020, Saudi Arabia’s government approved the listing of government assets planned for privatisation on its stock market TADAWUL after an initial public offering. Assets, sectors and services planned for privatisation shall be listed in the Saudi stock market through direct or indirect initial public offering. The indirect IPO for such assets will be done through a company or companies set up by the National Privitisation Centre, that own government stakes in these projects to be listed on the Saudi capital market. Privatisation, increasing the efficiency of state-owned enterprises and cultivating local industries are part of the Kingdom’s Vision 2030 economic roadmap that aims to expand the private sector, diversify the economy and reduce the country’s dependence on hydrocarbons.
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Entry and establishment (Ownership and control)
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