Tadawul: The launch of deposit certificates to enable investors to reach global markets
Tadawul Saudi Arabia announced today, Monday, the launch "Saudi deposit certificates"It is a new financial tool that gives investors in the Saudi financial market easy access to the shares of foreign companies listed in the global markets, which is a pivotal step towards consolidating the Kingdom’s position as a global financial center. "Saudi Arabia trading" In a statement, that Saudi deposit certificates enable investors in the Saudi financial market to reach foreign companies listed in other markets, with the possibility of circulating and settling them in Saudi riyal. "Saudi deposit certificates are characterized by high liquidity and flexibility, as it allows the transfer of the financial paper between the Saudi financial market and the foreign market to exporters through the possibility of transferring a Saudi deposit certificate into shares in the foreign market, which gives the opportunity to trade the company’s shares in two different financial markets."
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