Mohammed El-Kuwaiz, Chairman of the Capital Market Authority
A total of 56 companies are preparing to be listed on the Tadawul All Share Index (TASI) and the Nomu-Parallel Market, a 30% increase compared to the same period last year, according to the Capital Market Authority’s (CMA) Chairman, Mohammed A. El-Kuwaiz.
During his participation in the Saudi Capital Market Forum (SCMF), El-Kuwaiz said that the Kingdom is on the cusp of a historic transformation from a capital-exporting country to an attractive destination, stressing that this requires a completely different infrastructure than what is currently available.
El-Kuwaiz also highlighted the Kingdom's need to raise the total domestic private debt outstanding for the private sector from around 4% of gross domestic product (GDP) today to 18% by 2030.
The information and communications technology (ICT) sector was the best performing sector in the Saudi capital market in 2023, with the most listings and capital raised, he added.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}