Hong Kong Exchange Adds Saudi Exchange as Recognised Stock Exchange, Allows Saudi Exchange Main Market Primary Listed Companies to Apply for Secondary Listing on Hong Kong Exchange Including Listed Companies Such as Saudi Aramco with $2.2 Trillion Market Capitalization
29th September 2023 | Hong Kong
The Hong Kong Exchange (HKEX) has added Saudi Exchange as a Recognised Stock Exchange (RSE), allowing Saudi Exchange Main Market primary listed companies to apply for secondary listing on Hong Kong Exchange (HKEX). Saudi Exchange Main Market primary listed companies include one of the world’s largest company Saudi Aramco (oil producer) with $2.2 trillion market capitalization (Sept 2023). The Hong Kong Exchange (HKEX) has a total of 15 Recognised Stock Exchange (RSE). HKEX Head of Listing Katherine Ng: “We are pleased to include the Main Market of the Saudi Exchange as a Recognised Stock Exchange. The Saudi Exchange is a well-established stock market that hosts a diverse range of companies from the Kingdom of Saudi Arabia and across the Middle East, representing sectors including energy, industrials, and healthcare. At HKEX, we are committed to continuously elevating the quality and attractiveness of our listing framework to attract quality companies from around the world to Hong Kong. Creating more opportunities for leading international companies to seek a listing in Hong Kong will offer them unique access to HKEX’s diverse group of regional and global investors, fueling their growth ambitions, and further expand opportunities in our market for investors.” More info below:
” Hong Kong Exchange Adds Saudi Exchange as Recognised Stock Exchange, Allows Saudi Exchange Main Market Primary Listed Companies to Apply for Secondary Listing on Hong Kong Exchange Including Listed Companies Such as Saudi Aramco with $2.2 Trillion Market Capitalization “
Hong Kong Exchange Adds Saudi Exchange as Recognised Stock Exchange
28th September 2023 – The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), is pleased to announce today (Thursday) that it has added the Saudi Exchange (Tadawul) as a Recognised Stock Exchange (RSE). The addition will allow companies with a primary listing on the Saudi Exchange’s Main Market to apply for a secondary listing in Hong Kong. This recognition follows a Memorandum of Understanding signed in February between HKEX and the Saudi Tadawul Group, the operator of the Saudi Exchange, to explore cooperation in a number of areas, including cross-listing opportunities.
With the addition of the Saudi Exchange, there are now 16 RSEs across 15 countries. A full list is available on the HKEX website. The Exchange will update the list of RSEs from time to time, on the basis that the exchanges meet its regulatory framework.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all. Visit: www.hkexgroup.com
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