Capital Markets in Saudi Arabia and Their Evolution

“The capital markets started very early in Saudi, maybe in the 60’s or even earlier than that. It was very simple, very preliminary, there were no complications at all, and there were no rules or regulations,” explains Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.

The Capital Market Authority was established in 2003 and “year after year they improve the regulations and provide more supervision to companies working under their umbrella.”