The Saudi Stock Exchange paves the way for stimulating double infections by developing its infrastructure

According to the Muhammad Bin Suleiman al -Rumaih, executive director of Saudi trading, the Saudi stock market “trading” develops its infrastructure and regulations, which helps add tools. In an interview with Al -Sharq, on the sidelines of the Hong Kong Financial Markets Forum, he noted that the Saudi market was the fastest growing market in the number of companies, in addition to increasing the number of foreign investment institutions by 12%, and the value of these investments increased by 9% to 400 billion. He expected the momentum of inserts to continue this year, and he said that there are businesses under listing and represent ‘new and diverse opportunities for the Saudi Market’. The Saudi stock market saw the inclusion of 15 companies last year, and the food and alcohol sector was at the top of these sectors. Companies have already raised more than a billion dollars this year. Initial public proposals are an essential part of the Kingdom’s plan to diversify investments and attract greater income from outside the oil sector. The insertion of a sukuk box that starts in Hong Kong today, and trades an indicator box that follows the effects issued by the Saudi government. This fund is the latest addition to a series of indicators following the Saudi and Chinese shares, which have been included in Hong Kong, Shangzen, Shanghai and Riyadh since 2023. Al -Rumaih said that the inclusion of this fund, which is the fourth insertion between the two markets and the first instrument box, does not have the enthusiasm of the Hong Kong exchange, and was not the enthusiasm. enthusiasm by investors. Al -Rumaih expected this year to see a record number of private enterprises, which indicates that it will reflect positively on market activity as it provides liquidity for businesses to implement their major projects. Brian Roberts, managing director and head of the development of stock products on the Hong Kong Stock Exchange, said during an interview with ‘Al Sharq’ on the sidelines of the Financial Markets Forum that the launch of the SUKUK fund will contribute to the consolidation of collaboration between the two markets, and it will enable institutions and individuals in Asia. He added that mutual infections in the markets are the effective way to link the markets and to enforce investors to other financial markets, and expect the Hong Kong market to see the arrival of companies from Saudi Arabia and the region in the coming period. Al -Rumaih said that “Tadawul” has specific plans within his strategy of working with external markets, and has continued: “We have worked with markets in the past, and we will work with future markets to achieve the interests of the Saudi market.”