Arab Press

بالشعب و للشعب
Sunday, Apr 02, 2023

Saudi capital market is one of the fastest-growing investment destinations: Tadawul chief 

Saudi capital market is one of the fastest-growing investment destinations: Tadawul chief 

With a value of $2.7 trillion, Saudi Arabia’s capital market is one of the strongest and fastest-growing investment destinations in the world, according to a top official.
Speaking at the second edition of the Saudi Capital Forum in Riyadh on Feb. 12, Sarah Al-Suhaimi, chairperson of Saudi Tadawul Group, said that over 1,000 bilateral, trilateral, and group meetings are expected to take place during the conference, which will end on Feb. 13.

“The future of the capital markets needs to be built, not to be anticipated. Saudi Arabia’s capital market has been developing at a pace, whether in terms of size, reach or diversity. It stands out as one of the strongest and fastest-growing investment destinations with a value of $2.7 trillion,” said Al-Suhaimi.

She added: “Over the course of the next few days, we are bringing together over 2,000 issuers, investors, and financial ecosystem participants to facilitate a deeper understanding of the significant structural changes taking place across our market and beyond.”

Al-Suhaimi further noted that the number of registered qualified foreign institutional investors in the Saudi Stock Exchange increased from 118 at the end of 2017 to 3,151 by the end of 2022.

According to Al-Suhaimi, initial public offerings are booming in the Middle East, with Saudi Arabia leading from the front in 2022. She added that listings in the region outpaced Europe last year.

“Initial public offerings in the Middle East in 2022 outpaced Europe, for only the second time since the global financial crisis in 2009, with foreign investors continuing to buy into the regional market despite wider global volatility. Last year was another record year for listings and IPOs in Saudi Arabia, including our first dual listing,” she said.

Al-Suhaimi pointed out that the debt capital market is also supporting the economic growth of the Kingdom.

“We are seeing continuous growth in our debt capital market, underpinned by an increase in appetite from both investors and issuers alike. Indeed, the number of trades in our debt capital market in 2022 increased one and a half times compared to 2021,” Al-Suhaimi added.

She further noted that the Saudi Tadawul Group has an integral role to play in materializing the goals outlined in Vision 2030.

“By harnessing the growth of the last few years, Saudi Arabia has now become a capital market powerhouse. Saudi Tadawul Group has big ambitions for the future. We have embarked upon an ambitious strategy to develop Saudi Arabia into a global financial hub,” she concluded.

Related Articles

Arab Press
The G-7 aims to make global crypto regulations tougher
Don’t Dismiss China’s Peacemaking Bid
China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “
Former Starbucks CEO Howard Schultz:
Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
Smart Iranian fashion designer teaching dummy TV anchors lesson about reality
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
If this was in Tehran, Moscow or Hong Kong
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
European MP Clare Daly condemns US attack on Nord Stream
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.