Khalid Al-Hussan, CEO of Saudi Tadawul Group Holding Co., said that 20 companies will be listed on the Saudi Stock Exchange main market and Parallel Market Nomu by the end of the year 2021. “The Saudi Tadawul Group Holding Co. and the Saudi Capital Market Authority (CMA) have received more than 50 applications for listing on the Saudi bourse. The CMA has approved some of these applications while some others are under various phases of study,” he said in a press conference here on Wednesday. Al-Hussan said 2022 is projected to witness a number of listings, which he described as “very good.” He noted that the demand for listings is not only on the stock market, but also on the debt and mutual fund markets. He revealed the launch of the second financial derivatives product, which has set the next developmental stage for the derivatives market. In an interview with Al Arabiya channel, Al-Hussan said that the group’s revenues from subscriptions represent five percent to six percent of the total revenues. “Saudi Tadawul Group is working on a bundle of initiatives to expand the capital market’s base, including dual listing, linking with international depository centers, maximizing investor base, especially in the debt market. In addition to this, the group focuses on activating the role of securities clearing and settlement, which represents an attractive turning point for investors,” he added.