The Clap
The Saudi Tadawul Group (1111) and Boursa Kuwait signed an MoU to explore cooperation opportunities in many areas, including the dual listing.
What
The agreement includes opportunities for cooperation in fintech, the application of CSR, hosting joint events, and working on dual listings, according to Boursa Kuwait’s statement.
So What
Boursa Kuwait and Tadawul Group will exchange views on ways to encourage family businesses, government entities, and SMEs to be listed on the market.
Now What
The MoU comes as dual listings are beginning to return to the Gulf markets, which recently saw Americana raise $1.8 billion via an IPO in Riyadh and Abu Dhabi’s first dual listing ever.
