Officially, the Saudi Stock Exchange Ranks Among the Top 10 Globally in Terms of Market Capitalization

Officially, the Saudi Stock Exchange Ranks Among the Top 10 Globally in Terms of Market Capitalization

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 international forums on the fringes of the Capital Market Forum 2024 held in Hong Kong.

Al-Athel clarified the group’s dual objectives to Arab News, highlighting business objectives centered on maximizing profits as a publicly traded business.

As a capital markets group, I think we are very fortunate in the sense that a lot is going on in the Kingdom,” he stated. There is incredible momentum in many areas of this nation, and we are lucky to be in a position where all of these industries, as well as the new ones emerging in Saudi Arabia, are starting to spill over.

Al-Athel added: “The story of the Kingdom of Saudi Arabia is beautiful, and that attraction then translates to us being very attractive as a capital market.”   Additionally, he emphasized Saudi Arabia’s geographic and time zone position, acting as a bridge between the East and West. If you take that from a geographical standpoint, time zone perspective, that can be straightforwardly translated into capital markets narratives of connecting East to West,” Al-Athel said.

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