GCC exchanges launch Unified IR Guide to boost disclosure, ESG alignment

The timing of the guide’s release comes as Gulf equity markets continue to attract inflows from foreign investors. Shutterstock
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Updated 09 September 2025
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GCC exchanges launch Unified IR Guide to boost disclosure, ESG alignment

  • Guide recommends best practices on communication protocols, regulatory disclosures, crisis management, and governance structures

RIYADH: The Gulf Cooperation Council’s financial markets are set to strengthen investor communication and transparency with the launch of a new Unified Investor Relations Guide for 2025, the GCC Financial Markets Committee announced. 

Developed in partnership with key regional exchanges, including Boursa Kuwait, Saudi Tadawul, Abu Dhabi Securities Exchange Group, Dubai Financial Market, Bahrain Bourse, Muscat Stock Exchange, and Qatar Stock Exchange, the guide lays out a structured framework to enhance disclosure practices, integrate environmental, social and governance considerations, and boost stakeholder engagement across listed firms. 

The guide aligns with broader initiatives to modernize the region’s financial ecosystem and position the region as an attractive destination for global capital. 

The timing of the guide’s release comes as Gulf equity markets continue to attract inflows from foreign investors. 

According to PwC Middle East’s analysis published in May, GCC initial public offerings raised $1.6 billion in the first quarter of 2025, marking a 33 percent increase from a year earlier, with Saudi Arabia accounting for nearly 69 percent of proceeds. 

“This guide is a strategic step toward unifying investor relations standards and practices across the GCC’s capital markets, contributing to the enhancement of transparency, credibility, and strengthening investor confidence,” said Mohammad Saud Al-Osaimi, the CEO of Boursa Kuwait. 

The guide recommends best practices on communication protocols, regulatory disclosures, crisis management, and governance structures, designed to streamline investor relations while ensuring compliance with international standards. 

“It reflects the GCC Financial Markets Committee’s commitment to providing practical tools that enhance the communication channels between listed companies and their investors, as well as supporting the sustainable growth and development of capital markets,” he added. 

The guide’s recommendations include structured disclosure calendars, management of material events, insider watch-lists, and policies to address rumors and market manipulation. It further emphasizes ESG reporting as a growing requirement among global investors, encouraging firms to integrate sustainability metrics into strategic planning and reporting frameworks. 

“The GCC Unified IR Guideline 2025 is a key milestone in reinforcing transparency and investor trust across the region,” said Abdulla Salem Al-Nuaimi, group CEO of Abu Dhabi Securities Exchange. 

He added: “At ADX, we actively champion best-in-class investor relations, from training programs to ESG integration, empowering issuers to engage more effectively. We are proud to be part of shaping this framework that strengthens the GCC’s standing as a global investment hub.” 

While adoption of the guide remains optional, market participants view it as a key tool for fostering credibility and facilitating smoother access to both regional and international investors. 

As corporate governance and transparency gain prominence in capital markets, the guide aims to offer firms a roadmap to strengthen investor confidence and attract long-term investment flows, supporting broader economic diversification efforts across the GCC. 


Two Saudi cybersecurity firms plan Tadawul listings within 2 years 

Updated 59 min 52 sec ago
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Two Saudi cybersecurity firms plan Tadawul listings within 2 years 

RIYADH: Two Saudi cybersecurity companies, Cyber and Infratech, plan to list a portion of their shares on the Saudi Stock Exchange, or Tadawul, between 2026 and 2027, according to the companies’ chairmen, who spoke to Al-Eqtisadiah. 

Abdulrahman Al-Kenani, founder and CEO of Cyber, said: “The company is currently planning to acquire certain entities, which will be disclosed in the coming period, in addition to preparing for a public offering through the Tumooh program on the stock market within the next two years at the latest.” 

Al-Kenani explained that the financial, healthcare and services sectors are witnessing continuous cyberattacks as Saudi Arabia expands its digital transformation, accompanied by a rise in the frequency of such incidents. He added that this phenomenon is not limited to the Kingdom but is a global issue. 

The CEO added: “The company is working with several Saudi airports and vital sectors, in addition to collaborating with major international companies to provide cutting-edge cybersecurity solutions.” 

Infratech plans 4 R&D centers abroad 

Ayman Al-Suhaim, CEO of Infratech, stated: “The size of the information technology and cybersecurity market in Saudi Arabia has reached approximately SR87 billion ($23.2 billion), of which SR15.7 billion are allocated to the cybersecurity sector. This includes consulting, managed services, governance, risk management, and cybersecurity within the industrial sector.” 

He said the company has a strategic plan covering the period from 2026 to 2028, which includes establishing a firm in the first quarter of next year to finance cybersecurity and artificial intelligence products, as well as launching four research and development centers in the US, Russia, China and Eastern Europe. 

The plan also includes investment in cloud storage, overseas ventures, and the expansion of operations and investments in data centers. 

Al-Suhaim said the company intends to go public in 2027, noting that it operates across multiple cybersecurity domains serving sectors including energy, defense, aviation and government services. 

The Tumooh program for small and medium-sized enterprises in Saudi Arabia is one of the support initiatives offered by the General Authority for Small and Medium Enterprises, or Monsha’at. It aims to drive SME growth by strengthening capabilities, improving performance and accelerating expansion. 

The initiative seeks to help fast-growing SMEs prepare for initial public offerings in the financial markets. To date, the program has facilitated the listing of 24 companies on the Nomu Parallel Market out of more than 2,500 firms registered under the scheme.