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 Saudi Arabia seeks to attract investments of $ 40 billion

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Join date : 2015-02-19

PostSubject: Saudi Arabia seeks to attract investments of $ 40 billion   Sun Jun 04, 2017 2:15 pm

Saudi Arabia seeks to attract investments of $ 40 billion

Saudi Arabia seeks to attract investments of $ 40 billion

04-06-2017 03:41 PM

Euphrates -
Saudi Arabia seeks to attract between 30 - 40 billion dollars through reform steps that will strengthen the Saudi stock and listed on the Morgan Stanley index. In this context , Goldman Sachs , the US bank to request a license to operate the Saudi stock market.

He pointed to the Securities Commission in the Chamber of Commerce and Industry member grandfather Adel Aqeel that among these steps to approve the settlement within two working days instead of one day, which makes the market eligible to join the index. He previously asked Goldman Sachs to get Citigroup on a similar statement a few months ago, adding that the market is currently working with 60 foreign companies and institutions with a share of about 4% of the market.

For his part , economic Dr Abdullah Shaddadi to increase the demand of the global financial companies to invest in the stock market reflects the confidence in the reforms taken by the Capital Market Authority which, and will have a significant impact on the promotion of trust, transparency and quality in performance during the next phase.

He pointed out that the Saudi market is one of the largest capital markets in the Middle East, capital worth of 1.6 trillion riyals, and that the market needs to strengthen the institutional trading - based real results on the ground.

He noted the size of the actions taken by Saudi Arabia, and its willingness to further corrective aspects to complement expected to join next year, after a 12 - month stay on the watch list is expected to begin in June this.

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