Overseas arrivals to KSA’s capital market hit USD36b
(MENAFN) According to Chairman Mohammed ElKuwaiz, Saudi Capital Market Authority, overseas arrivals in the Saudi capital market since 2019 have hit about SR135 billion (USD35.98 billion), in spite of the country being at an early phase in trading with foreign stockholders.
ElKuwaiz stated, opening the market for external investment helps diversification of funding sources for registered firms, throughout his contribution in the second conference of the Financial Stability Conference in the Saudi capital, Riyadh.
The CMA chairman mentioned that the Kingdom is aiming to publish a market-making scheme to enhance the institutional stockholder's efficiency in trading, not equity.
He also emphasized that the authority does not seek to expand the institutional stockholder’s revenue over the individual investor, but the aim is to boost the market’s extent via diversifying trading.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.