“Tadawul” is in talks with Chinese stock exchanges to enhance the attractiveness of the Saudi market
You run "Saudi Arabia trading" Talks with Chinese stock exchanges, seeking more cooperation opportunities to enhance the attractiveness of the capital market Saudi Arabia, said Mohammed Al-Rumaih, CEO of "Trade"Chinaon ways to enhance cooperation, adding that he plans to meet with executives from the Beijing Stock Exchange, to discuss the possible signing of a memorandum of understanding, according to what was reported by the website "Yi Cai" Chinese.
Al-Rumaih explained that the market value is The Saudi financial market exceeds 2.5 trillion US dollars, and includes more than 380 listed companies, while the number of foreign investors has witnessed a rapid rise, to exceed 4,500 investors currently, after it was about 50 investors in 2017.
Al-Rumaih pointed out that the volume of foreign direct investment from China to the Kingdom of Saudi Arabia is witnessing rapid growth, as it approached 8.3 billion US dollars by the end of last year, and this indicates that the partnership between The two countries are growing in terms of size and strategic depth.
With regard to the Saudi financial market’s support for the technology and innovation sectors, Al-Rumaih said that the Saudi stock market represents a platform for companies to present their business vision to investors, and explain how to achieve sustainable social value.
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