IPO Regulation in Saudi Arabia: A Look into IPO Listing Requirements and their Future Suitability

Abstract

This thesis discusses the KSA capital market in light of the recent rise of private companies pursuing initial public offerings. The thesis discusses the history of KSA's capital market and its continuous growth in light of Vision 2030 and its realization programs. The thesis provides an overview of the listing requirements for IPOs in both Tadawul's main market and NOMU and assesses them in a comparative manner with UK's IPO listing rules. The aim of this thesis is to analyse IPO listing requirements in KSA and their role in enabling private companies going public. The thesis looks into the potential difficulties private companies may face in going public and analyses them while also looking into the potential of introducing SPACs in KSA to further grow the capital market, in line with Vision 2030's goals.