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Listing Incentives

The development of an advanced capital market is one of the foremost objectives of the Kingdom of Saudi Arabia’s Vision 2030 plan and the linked Financial Sector Development Program (FSDP).

Through a series of initiatives, the FSDP aims to help the next generation of exciting private companies list on Saudi Exchange in partnership with the Kingdom's Capital Market Authority and relevant governmental entities.

Special incentives have been introduced to help increase the benefits for you as a Saudi Exchange issuer, and additional steps have been taken by several government ministries to remove unnecessary regulatory or legal obstacles that prevent great companies from listing on the market. 

The journey our issuers embark on at the Saudi Exchange is incredibly important to us, and we are committed to providing the necessary support to potential and existing issuers to increase their awareness of these incentives.

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Incentives

The table below sets out the listing incentives that have been launched to date along with the relevant government entity providing them:

Provider Incentive
Saudi Industrial Development Fund

Increased loan limits granted to listed companies.

For more information press here

Ministry of Investment

Facilitated approval process for listed companies to register foreign partners (joint ventures)

For more information press here
Saudi Food & Drug Authority

Fast Track services at the Authority’s Business Support Center and advisory services including training courses on the electronic systems of the Authority.

For more information press here
Ministry of Health
  • Priority on training programs for listed companies.
  • Priority for reporting and statistical data.
  • Priority for advertisement in the ministry events.

For more information press here

 
Agricultural Development Fund

Increased funding percentage, and increased credit services limits for each customer.

For more information press here
Zakat, Tax and Customs Authority
  • Providing a relationship manager for listed companies to help settle all transactions with the Authority and follow up on all tasks related to zakat or income taxes.
  • Providing a fast-track service to deal with the requests of companies listed in the capital market.


For more information press here

Providing the listed companies the priority of applying to the Authorized Economic Operator Program.
 Ministry of Finance

Preference in business and government procurement (under competition and government procurement rule) for listed companies in the Capital Market.

For more information on the competition and government procurement rule press here

For more information on the preference regulation press here
Projects Priority Office (PPO)

A fast track to overcome the government challenges that might face the listed companies.

The Projects Priority Office which is one of The Private Sector Stimulation Office, dedicates a fast track to overcome the government challenges that might face the listed companies on the Capital Market by finding quick and exceptional solutions by communicating with an approved liaison officer in each governmental entity.

Office contact information:
E: mcisupport@sagia.gov.sa
T: 0112035138
Ministry of Human Resources and Social Development

Inclusion of all listed companies on SAFWAH program

For more information press here
Projects Support Fund

Raising the funding limits for listed companies projects in the targeted sectors (health, education and real estate development "Mega Projects")
Long-term loan at preferential interest rate provided to listed companies can reach up to 500 million SAR for the project, and if the listed company has more than one project the total maximum loan can reach 1 billion SAR (maximum for borrower)

For more information and to apply for the incentive please press here
Saudi Authority for Industrial Cities and Technology Zones – Modon
  • Appointing an account manager to expedite requests and ease of doing business.
  • Priority in obtaining industrial land and ready-built factories (new/expansion)
  • The ability of building a factory based on the company's request (Built to Suit Model)

For more information please click Here

To apply for the incentive please Contact the below
email: (Listingsupport@modon.gov.sa)
Wafi (Off-plan Sales or Rent Program)

Passing the approved real estate developer program. Which qualifies them to obtain:
1- Off-plan sales license
2- VAT refund for real estate supplies to qualified real estate companies
Begin your application click Here

For inquiries:
E: R.E.D.Q@hosuing.gov.sa
T: 0114517246
M: +966 562257990
Tourism Development Fund

1- Financing tourism projects by up to 75% of the project value, after studying and approving the financing request.
2- Provide longer repayment periods for up to 15 years in order to finance tourism projects.
3- Offer 50% discount on administrative fees for financing private tourism projects.
4- Providing a flexible grace period of up to 3 years to repay any financing for private tourism projects.

For further information, please contact the email below: 

contact@tdf.gov.sa
State Properties General Authority

Provide listed companies an advantage on investment lands that is offered by the Authority (SPGA) by adding 5% points advantage on financial bids that passed technically  in case the competition is based on both financial and technical evaluation.

 

Adding 5% (advantage) on financial bids in case the competition was on the highest financial bid.

 

For more information please contact the below:

cs@spga.gov.sa  

920022447

Obstacles

In addition, relevant government agencies have identified several obstacles which may prevent companies from listing on the Saudi Exchange. The table below sets out the changes introduced to remove these obstacles:

Obstacle Description Of The Obstacle That Has Been Overcome
Limited ownership in pharmacies

The Ministry of Health has removed the restriction from its regulation that prevents pharmacies from expanding, by allowing unlimited ownership of pharmacies and partnership in an unlimited number in accordance with the conditions and provisions stipulated in the Executive Regulations of Pharmaceutical Products and Facilities Law.

For more information press here

Beneficiary sectors: Pharmaceutical companies
Transforming a professional corporation into another form

According to Article (17) in the Executive regulation of New Professional Corporations Law: now it is allowed for a professional company to transform into a joint stock company or any other company form mentioned in the third article of the New Professional Corporations Law according to the corporation’s law provisions except for their registration in the commercial register, and that after fulfilling the conditions and provisions stipulated in the regulations and law.

For more information press here

Beneficiary Sectors: Professional corporations
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Enquiry

For any inquiries or suggestions regarding listing incentives or obstacles, please fill out the contact form below and our team will contact you.

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