Data proves Vision 2030 made KSA reliable investment hub: Al Suhaimi

Sarah Al-Suhaimi, Chairperson of Saudi Tadawul Group Holding Co.

Saudi Arabia’s Vision 2030 transformed the country into a reliable investment destination, a fact clearly supported by the numbers, said Sarah Al Suhaimi, Chairperson of Saudi Tadawul Group Holding Co.

Speaking at the Saudi-US Investment Forum, Al Suhaimi said this progress came through the efforts of the Saudi leadership, which implemented the Financial Sector Development Program, in collaboration with all entities operating in the financial market, to create a globally integrated market that has earned the trust of investors.

The transformation was also supported by numerous public-private partnerships and regulatory reforms, along with significant innovations from both Saudi participants and international partners. Notably, US banks and firms like BlackRock, one of the first companies to launch index funds in Saudi Arabia, and Franklin Templeton, which introduced bond funds, played a key role.

She also pointed out that Tadawul Group has a long-established relationship with Nasdaq, aimed at enhancing capital infrastructure. Efforts are currently underway to upgrade and update these systems in collaboration with Nasdaq.

Additionally, Al Suhaimi highlighted that the Saudi Exchange is considered advanced after it successfully managed the largest ever IPO of Saudi Aramco in 2019.