Non-Saudis invest over SAR 400B in Saudi market

Mohammed Al-Rumaih, CEO of Tadawul 

The Saudi Exchange Co. (Tadawul) is working on introducing a package of developments in the derivatives and options contracts market, which was launched in December 2023 to boost liquidity and diversify contracts, CEO Mohammed Al-Rumaih said.

He went on to say that this is one of the goals Tadawul aspires to achieve in order to increase the value of listings. Its role in the Saudi market is to increase opportunities across different sectors of various sizes.

He pointed out that the value of investments by non-Saudi investors in the Saudi market exceeds SAR 400 billion, thanks to the significant developments in the financial market and the economy as a whole in Saudi Arabia.

He stated that one of the most important strategic goals is to develop the Sukuk market, as it plays a crucial role in the national economy by providing liquidity for companies to grow and expand. It also offers diverse investment opportunities for local investors, and attracting new foreign institutional investors.

Al-Rumaih added, "We have launched a subscription management system in the Nomu-Parallel Market, which helped double the coverage and increased the number of subscribers by about 50%. It also contributed to reducing subscription periods by around 75%.”

He also revealed an intention to apply this system in the Main Market soon, as well as in the Sukuk and Bonds market, which will provide companies with a fast and cost-competitive financing method.