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  2. CST seeks to list 40 tech firms in Saudi Exchange by 2030

CST seeks to list 40 tech firms in Saudi Exchange by 2030

GHADA.ISMAIL
Oct 9, 2024
CST successfully raised the number of listed companies to 20 within 4 years with a market worth of SAR 148 billion

Riyadh – Sharikat Mubasher: The Communications, Space and Technology Commission (CST) eyes listing over 40 tech companies at the Saudi Exchange, in cooperation with Capital Market Authority (CMA) and Tadawul before the end of 2030

Raed AlFayez, Deputy Governor for Technology at CST told Al Eqtisadiah that the CST successfully raised the number of listed companies to 20 within 4 years with a market worth of SAR 148 billion.

AlFayez made these statements during his participation in the 4th edition of the Digital Technology Forum, while he added that the National Technology Development Program (NTDP) managed to finance and introduce 18 products and services to 1400 tech companies, in addition to creating 14,000 jobs.

Under the patronage of the Minister of Communications and Information Technology and Chairman of CST, Abdullah bin Amer Al-Sawaha, the Communications, Space, and Technology Commission held the 4th edition of the Digital Technology Forum to highlight the potential that synergy between government and private entities in the tech sector can offer, with a focus on key developments in technology markets.

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