Tadawul focusing on boosting market liquidity: Al Rumaih

19/02/2024 Argaam

Tadawul focusing on boosting market liquidity: Al Rumaih

Mohammed Al-Rumaih, CEO of Saudi Exchange

Mohammed Al-Rumaih, CEO of Saudi Exchange, said that the local financial market has become dynamic and highly liquid, indicating that the focus is now on increasing market liquidity.

 

Speaking at a session at the Saudi Capital Market Forum 2024, he stated that Saudi Tadawul is working to increase its value as a listed company by providing more services and strengthening the debt market, a strategic priority for the Capital Market Authority and Tadawul.

 

He stated that the company is working to list foreign companies on the Saudi market, as they are instrumental in increasing the number of listings and offering diverse opportunities for investors.

 

Elsewhere, special purpose acquisition vehicles (SPAVs) are considered important in the financial markets.

 

Saudi Arabia has monitored SPAV listings during its period of prosperity and collapse, said Al-Rumaih. However, such listings are unlikely to be launched this year, but could happen in the next couple of years or beyond, Al Rumaih added.

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