Leading Saudi lawyer Salman Al-Sudairi joins The TWENTY30 Podcast to talk Saudi stock market changes, foreign investor growth

Salman Al-Sudairi, partner at Latham & Watkins LLP in Saudi Arabia, joins The TWENTY30 Podcast for an exclusive conversation about the new rules and guidelines recently issued for the Saudi stock market and foreign companies seeking to list on the Tadawul, the evolution of the Kingdom’s stock market over the past two decades, and how Vision 2030’s reforms are pushing greater interest in investing in Saudi Arabia.

The new guidelines recently published by Saudi authorities clarify rules surrounding the three avenues through which non-Saudi companies may list their shares in Saudi Arabia, a subject of interest for companies looking to establish their presence in the Kingdom and tap into its capital markets. The regulations also stipulate that a non-Saudi company that wishes to cross-list or dual-list on the Main Market “must demonstrate the added value that it will bring to the Saudi Exchange and the Saudi economy as a whole.”

Salman Al-Sudairi has experience advising on all aspects of sukuk transactions and IPOs, having worked on roughly 50 such offerings in the local Saudi market since 2004, including both Aramco share sale offerings. Qualified to practice in both New York and Riyadh, Salman advises government entities, local and international companies, and private equity funds in complex commercial transactions in a wide range of industries.

Al-Sudairi also discusses with The TWENTY30 Podcast the status of the legal profession in Saudi Arabia, the challenges and opportunities facing lawyers and companies working on setting up their operations in the Kingdom, and looks ahead to new changes and reforms potentially on the horizon. He also discusses human capital in Saudi Arabia, particularly in his profession, and how he feels it is important for established large law firms to train and develop young Saudi legal talent.

In addition to his role as leading markets advisor and attorney, Salman was also appointed by Supreme Order from HRH Crown Prince Mohmmed bin Salman in 2023 to serve on new board of directors of King Saud University. He also serves as a Member Board of Trustees at the Red Sea Film Foundation.

You can read Latham & Watkins LLP’s report on the new changes, authored by Salman, here.

The hosts conclude Episode 15 of The TWENTY30 with a discussion of the latest news on Saudi Arabia.

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