Over 70 applications for IPOs in the pipeline RIYADH: Saudi Arabia’s stock exchange has so far seen 16 listings in 2022 and over 70 applications are pending, said Mohammed Al-Rumaih, the CEO of the bourse. Three listings are awaiting approval from the market regulator, he said at the Saudi Capital Market Forum on Tuesday. “What distinguishes these listings is their diversity in various sectors,” Al-Rumaih said. “Tadawul is currently focusing on providing listed companies with new financing tools such as debt instruments to offer more options to clients with varied returns and risks,” he added. Earlier in the day, pharmacy giant Nahdi Medical Co. made the Kingdom’s biggest market debut since Saudi Aramco, after raising $1.36 billion in an initial public offering.