Tuesday, May 21, 2024
Today’s News

The Saudi Exchange Ranks in the top 10 Globally in Terms of Market Capitalization, per Official Data

RIYADH: According to a senior executive, Saudi Tadawul Group is in a “fortunate” position given the Kingdom’s quickly expanding industries.

Nayef Al-Athel, group chief of sales and marketing officer at Tadawul Group, discussed the company’s goal of drawing in international investors by sharing inspiring success stories at global forums on the fringes of the Capital Market Forum 2024 held in Hong Kong.

In an interview with Arab News, Al-Athel clarified the group’s dual objectives, highlighting business objectives centered on increasing revenues as a publicly traded business.

He said about the capital markets group, “I think we are very fortunate, fortunate in the sense that a lot is going on in the Kingdom.” This nation is experiencing incredible growth in many areas, and we are lucky to be witnessing the emergence of new industries and sectors as they are being unveiled and unraveled in Saudi Arabia.

“The Kingdom of Saudi Arabia has a very compelling story, and that appeal translates to us being a desirable capital market,” Al-Athel continued.

He also underlined Saudi Arabia’s geographical and temporal position as a link between the East and the West. That can be easily translated into capital markets narratives of connecting East to West if you take that from a geographical standpoint and time zone perspective,” stated Al-Athel.

Also Read:

As Their Economic Relations Deepen, Saudi Arabia and Hong Kong Increase their ETF Cooperation   

Strong Demand and a Declining Dollar are Expected to Support Gold Prices

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Tuesday, May 21, 2024

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