The Saudi stock exchange (Tadawul) recently celebrated the listing of the National Company for Learning and Education (NCLE) on the main market. The event was held in the presence of Mohammed Al-Rumaih, chief of markets at Tadawul, and Khalid Al-Khudair, vice chairman and managing director of NCLE.
In his speech, Al-Rumaih said: “The year 2018 was an exceptional year for the Saudi stock exchange with many achievements including the status upgrade to an emerging market through MSCI, FTSE Russell and S&P indices along with the plans to launch a derivatives market and a joint tradeable index with MSCI.”
He concluded his speech by congratulating NCLE’s management for the successful listing.
Al-Khudair emphasized on the significance of the listing, pointing out that the proceeds will help in financing new educational complexes planned in several areas around the Kingdom, which will amplify the company’s capacity by 2021.
“I would like to thank the Capital Market Authority (CMA) and Tadawul for their support throughout the listing journey,” Al-Khudair said.
The National Company for Learning and Education is the second company to be listed on the main market this year, joining a total of 190 companies listed on Tadawul’s main market.
Saudi stock exchange celebrates listing of NCLE
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