Capital Markets: Saudi Market is a Must-Market for International Investors
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the outlook for the Saudi capital markets.
List of all articles filed under “saudi-arabia-capital-markets” category.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the outlook for the Saudi capital markets.
“The options are either through funds or through swaps. Foreigners would prefer direct ownership of securities and this has been an ongoing debate for quite some time,” explains Dr. Boutros Klink, CEO of Standard Chartered.
“The capital market in Saudi Arabia is quite young relative to other more established markets. The CMA (Capital Markets Authority) started authorising companies in 2005,” says Dr. Boutros Klink, CEO of Standard Chartered.
“Standard Chartered is very keen to assist in developing the secondary trading market in bonds and sukuks in the Kingdom,” argues Dr. Boutros Klink, CEO of Standard Chartered.
Al Saedan Real Estate – Opening of the Saudi Capital Markets
The Capital Market Authority’s report disclosed the total market capitalization of the Saudi bourse at 1,945.15 Billion Riyals for the first half of 2014, up 29.93% from last year’s second half.
With the market regulator taking steps to give foreign institutions access to the Tadawul market in Riyadh, banks, fund managers and brokers in the region expect a boon and a boom for Saudi shares and new listings to come.
“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.
Abdullah Saud Al-Rashoud, CEO of Blominvest
I think 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.
Dr. Boutros Klink, CEO of Standard Chartered
Saudi Arabia, compared to the other nations in the GCC, has the largest population. It also has the largest local population. So the demographics mix is different. In the credit card industry, the way we deal with the customer base is very different because we are able to build long term relationships with the customers and service their needs as their requirements grow throughout their life cycle.
The Saudi Arabia’s cabinet authorized the Capital Market Authority to allow foreign investors to buy and sell stocks on the Saudi stock market.