بتوجيه من أمير حائل.. دعم إدراج شركات المنطقة في السوق المالية السعودية

Under the guidance of the Prince of Hail, Prince Abdulaziz bin Saad bin Abdulaziz, a qualitative initiative has been launched to support and encourage the listing of local companies in the Hail region on the Saudi financial market. This came as part of the activities of the Hail Forum to empower the private sector and enhance its sustainability.

The initiative aims to enhance the readiness of companies in the region for listing on the Saudi financial market across various categories, whether in the main market or the parallel market, thus providing them with broader opportunities for growth and expansion, enhancing their ability to access sustainable funding sources, and raising the level of governance and transparency. This contributes to strengthening the sustainability of these companies and increasing their capacity for expansion and financing.

The Prince of Hail directed that the practical steps include facilitating access to financing and building partnerships with financial advisors and regulatory bodies to support companies wishing to transform into public joint-stock companies.

Among the key objectives are enhancing the readiness of companies in Hail for listing on the financial market, facilitating access to sustainable funding sources, promoting the application of governance and transparency standards, and supporting the transition of local companies to competitive national and international levels.

The expected economic impact includes attracting new capital to the private sector in Hail, expanding the ownership base, and opening the door for local investors' contributions, in addition to enhancing the business environment and the competitiveness of the industrial sector, enabling companies to achieve accelerated growth in line with the targets of Saudi Vision 2030.

This initiative is an extension of a series of developmental and economic programs currently taking place in the Hail region, aimed at enhancing the role of the private sector and stimulating the transformation of companies into effective economic entities in the national economy.

Economic expert Eid Al-Eid stated that listing companies on the financial market not only represents a means of financing but also a strategic tool for improving operational performance and enhancing institutional oversight. This initiative in Hail represents an important shift in the philosophy of regional development, as it transitions companies from the traditional model to a professional investment model based on transparency and calculated expansion.

For his part, financial and governance expert Dr. Walid Al-Ghasab believes that listing companies on the financial market is the most important criterion for measuring the financial and governance maturity of institutions, and what Hail is currently doing is creating an investment environment based on compliance and regulation, which will narrow the gap between local companies and institutional investors. Furthermore, adherence to international accounting standards and disclosure requirements will enhance market confidence and increase opportunities for long-term strategic partnerships.