Al-Haqbani: The Saudi financial market is the first in the Arab world with flows of two trillion riyals
The head of the Financial Investments Department at the Public Investment Fund, Abdul Majeed Al-Haqbani, said that the Saudi financial market occupies first place in the Arab Capital Markets Index.
Al-Haqbani explained in a dialogue session during the Financial flows have now risen to 2 trillion riyals, while the number of companies listed on the financial market has exceeded 260.
Al-Haqbani stated that the Public Investment Fund was able to attract 12 of the world’s leading asset managers to enter the Saudi market, noting that the volume of BlackRock’s investments and assets under management in the Kingdom has reached $5 billion. In private credit, there is an agreement with Goldman Sachs to attract 50% of its investments in the Kingdom.
For his part, Khaled Al-Hussan, CEO of the Group, confirmed "Saudi Arabia Trading"Continuing work to enhance access to the Saudi financial market, while developing the legislative environment to keep pace with growth.
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