Nayef Al-Athel, Group Chief Sales and Marketing Officer at Saudi Tadawul Group
Saudi Tadawul Group continues its development push to be at the forefront of global capital market leaders, if not on top, Nayef Al-Athel, Group Chief Sales and Marketing Officer, told Argaam on the sidelines of the Saudi Capital Market Forum (SCMF) 2024.
New products are introduced after thorough studies and well-studied plans, Al-Athel said, pointing to the launch of Nomu Parallel-Market and the derivatives market, including single stock options (SSOs), which have recently added the fifth company.
In time, the derivatives market will be integrated and have abundant liquidity. A large number of contracts will be traded amid increasing awareness among the financial community in Saudi Arabia.
Tadawul Group aims to transfer its market making experience from the main market to the derivatives market, Al-Athel added, noting this will boost liquidity in the latter.
Moreover, he added that Tadawul Group is fully prepared for a secondary offering of Aramco shares or for attracting any company worldwide. Aramco’s listing on Tadawul was successful. Today, Tadawul Group is deemed a better financial ecosystem that can attract any listing.
Al-Athel concluded that the Saudi market will witness listings by international firms, adding that cross listings usually require legal and regulatory measures by the two countries.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}