Saudi Arabia facilitates access to investment funds via a new digital platform

Can investment in the Saudi market get easier and faster? In a new development step, Saudi Arabia has launched the “Connect Deposit” platform to enable investors to participate in investment funds without complications. The Securities Deposit Center (Deposit), one of the companies attached to the ‘Tadawul Saudi Arabia’, announced the launch of the ‘Connect Deposit Platform’ which enables the completion of subscriptions and recovery for investors, and enables the fund managers to manage operations, and also provide boxes with a wider opportunities to achieve a wider base of Riyad, The ‘financial market’, whose job was, whose job was. According to a statement, according to a statement. A journalist issued by ‘deposit’. The platform allows investors’ participation in the licensed investment funds at the Saudi Capital Market Authority so that any investor can register on the platform and subscribe to the funds, without opening accounts with the fund manager, according to Khaled Al -Hossan, CEO of the “Tadawul Saudi Arabia” in an interview with the east. The growth of the assets of investment funds The value of the assets of local and foreign public investment funds in the Saudi financial market grew by the end of the third quarter of 2024 on an annual basis to reach 160 billion Riyals, compared to 117 billion Riyals for the same period in 2023, according to the quarterly Bulletin. Also read: The Hong Kong Stock Exchange is looking forward to technological collaboration with Saudi -“trade” and investments of the Sovereign Fund. The Kingdom aims to improve the access of local and foreign investors to its financial markets to deepen these markets, increase their size, attract investments and provide a financing channel for companies, as part of the efforts to stimulate the role of the private sector and diversify the economy away from oil. During his interview with Al -Sharq, the horse confirmed the durability of the Saudi Market amid global geopolitical consequences, and its continued attraction for investment, suggesting that the size of induction in the market, requests for registration of foreign investors, and the size of investor activities, whether local or international.