Saudi trading begins the subscription management system to increase efficiency and transparency

Saudi Tadawul has launched a system of subscription management to increase efficiency, transparency and efficiency in the initial public offering operations in the Saudi financial market, according to a statement issued by the company today. This comes after the first phase of the system was offered in the parallel growth market, in addition to completing the experimental phase of the system in the main market. Tadawul aims to improve the access of individual investors to the parallel market “growing” by revising legislation and regulations, and opens its doors to the double list of funds to a successful experience with Hong Kong, according to Khaled Al -Hossan, CEO of Saudi Tadel Group in an interview with “Al Sharq”. Last year, the kingdom saw two boxes locate the shares of Hong Kong and China in the stock market, and in front of a similar list of two boxes that locate Saudi shares in Hong Kong. These funds raised billions of dollars from investors. Promoting the attractiveness of the Saudi market has been fully launched to receive subscription requests for a wide range of securities, contributing to the Saudi financial market for investors, according to the statement. Saudi Arabia launched by the ‘Securities Deposit Center’ (Deposit), one of the companies associated with the ‘Tadawal Saudi Arabia’ group, the ‘Connect Deposit’ platform to make the completion of subscriptions and repair operations for investors, and the fund managers to manage and to reach a broader basis of investors. Today in Riyadh. Also read: Saudi Arabia facilitates access to investment funds via a new digital platform, according to the statement issued today, the new system offers investor experience directly through their investment portfolios without the need to open new accounts as it provides access to a broader set of investment opportunities, and at the level of fans, the system can offer the time to the time, which can offer the time to the time, which can offer the time. And that they can offer their financial paps, and that they offer their financial porridge. Access to a broader basis of investors, which increases the chances of successful public proposals and stimulates their demand. Facilitation of presentation procedures The Kingdom aims to make improvements in the market to attract local and international investors, including the availability of a financing channel for listed and unlikely businesses. The new system provides institutions for financial markets and subscription managers to manage subscription operations with greater flexibility, reducing administrative liabilities and contributing to facilitating presentation procedures. It also increases their role in the Saudi financial market by increasing the efficiency of operations and rapid implementation. The debt market in Saudi Arabia is expected to continue its activity this year, after 20% has grown over the past year, driven by five main cars, which include: Vision 2030 initiatives, ‘financing needs of budget deficit, diversification of the economy, the necessary obligations and continued reforms, according to a recent report.