The
role of capital markets is vital for inclusive growth in terms of wealth
distribution and making capital safer for investors. Capital market enhances
efficient financial intermediation. It increases mobilization of savings and
therefore improves efficiency and volume of investments, economic growth and
development. The investment funds may include equity funds, fixed income funds,
money market funds, real estate fund, fund of funds, endowment fund, multi-assets
funds, REITs, ETF, and balance funds. The Saudi stock market is one of the
largest international market in terms of value since Saudi exceeds British,
German and French markets. There are 8 companies which are transferred from
Nomu market to main market, such as Al-Omran Industrial trading company, Arab
Sea Information System Co., Al-Samani Factory for Metal Industries, Raydan Food
Co, and Thob AlAseel Co. Currently, the number of TASI’s offering applications
under review by CMA are 8 applications by the end of Q2 2021, the number of
listing approvals reached 4 companies, an increase of 50% over the same quarter
in the previous year. More about TASI is that 55 million SAR is average TASI
listing expenses. Saudi Fransi Capital is the dominated lead manager.