Hong Kong Exchanges and Clearing (HKEX) is reaching out to companies in Saudi Arabia as it seeks to broaden its potential listing candidates from emerging markets. However, some of these companies are required to be listed in their home market first before pursuing an offshore listing. Last year, HKEX added the Saudi Exchange, or Tadawul, as a “recognized” bourse, which creates a shortcut for companies traded in both venues to consider a secondary listing in Hong Kong.
Hong Kong Exchanges and Clearing (HKEX) reaches out to Saudi companies to broaden IPO targets in emerging markets
