Saudi Exchange Signs an agreement with Muscat Stock Exchange to Enable Cross Listings
Thursday, December 22, 2022 at 3:51 PM
The Saudi Exchange has signed an agreement with the Muscat Stock Exchange to enable cross listings between Saudi Arabia and Oman.
The agreement aims to ensure an orderly market in the trading of shares across the Saudi Exchange and Muscat Stock Exchange, and to share relevant information related to cross-listed securities in both markets as required to fulfil regulatory requirements.
The agreement also intends to coordinate efforts to carry out corporate actions for cross-listed securities, in addition to other areas of collaboration required to enable cross listings.
The agreement follows an MoU signed between Saudi Tadawul Group and Muscat Stock Exchange in 2021 to exchange information and collaborate on areas to advance the Saudi and Omani capital markets.
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