(MENAFN- Saudi Press Agency) Riyadh, Mar 19, 2023, SPA -- Capital Market Authority (CMA)'s Undersecretary for Strategic and International Affairs Yazeed bin Saleh Al-Dumaiji said that hosting the International Conference of the Financial Sector in the Kingdom reflects the significance of the Saudi Stock Exchange (Tadawul) as the largest of its kind in the region.
Al-Dumaiji said that CMA ranked the 9th globally in 2022 in terms of market value of all shares traded on Tadawul. and the 4th among the G20 members.
He also highlighted the fact that Tadawul has undergone a significant growth over the past years with the number of listed companies increasing from 188 in 2017 to 269 in 2022.
In line with this growth, he said that the Tadawul's market value has increased by 476.5% to reach SAR9.9 trillion ($2.6 trillion) by the end of 2022 during the past five years.
Al-Dumaiji explained that CMA has improved Tadawul through upgrading the work mechanisms and regulations which have had their contributions to improving performance at the sectors and companies levels.
He also indicated that the value of money collected from Sukuk and bond trading activities has increased from SAR37.2 billion in 2021 to SAR53.9 billion in 2022.
Al-Dumaiji added that the growth and development witnessed by Tadawul have had their positive impact on the market institutions which increased by 63% from 86 establishments in 2017 to 141 ones in 2022 with an increase in their net revenues of 144% to reach SAR12.2 billion.
In terms of investment volume, He also explained that foreign investments have achieved“record increase” by 388% from SAR71 billion in 2017 to SAR347 billion in 2022.
--SPA
01:08 LOCAL TIME 22:08 GMT
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