Saudi Tadawul Group reinforces global relations with MoUs on ESG, economic industry improvement
Date
2/13/2023 7:00:04 AM
(MENAFN) The operator of the Saudi stock exchange, the Saudi Tadawul Group, has recently taken steps to enhance its relationships with several foreign exchanges, as well as signing agreements with Saudi partners, with the goal of advancing environmental, social, and governance principles. During the Saudi Capital market Forum, which took place in Riyadh on Sunday, a memorandum of understanding was signed by the Saudi stock exchange, the Ministry of Economy and Planning, and the Capital Market Authority, aimed at promoting sustainability and furthering environmental, social, and governance practices.
The MoU was signed by the Saudi Minister of Economy and Planning Faisal Al-Ibrahim, Mohammed El-Kuwaiz, chairman of the Capital Market Authority, and Khalid Alhussan, chairman and CEO of the Saudi Tadawul Group. In addition to this agreement, the Saudi Tadawul Group also signed an MoU with the Egyptian stock exchange with the aim of fostering the exchange of information and the development of both capital markets. Another MoU was signed with the Qatar stock market, with the goal of helping both exchanges advance in the areas of fintech, exchange data, and research.
Additionally, the Tadawul Group signed a memorandum with the Singapore exchange with the aim of enhancing the collaboration between the two capital markets, which are located in the Middle East and the Far East, respectively. The opening day of the conference also saw the Saudi Tadawul Group sign an MoU with The Financial Academy, aimed at developing local talent and equipping individuals with financial sector skills, knowledge, and expertise.
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