(MENAFN- Saudi Press Agency) Chairman of the Capital Market Authority (CMA) Mohammad bin Abdullah Al-Jadaan has explained that the Kingdom of Saudi Arabia has several objects it wants to achieve by allowing eligible foreign financial institutions to invest in stocks listed on the Saudi Stock Market, or which the most important is to attract the specialized investors in order to promote the institutional investment and upgrade the level of research and studies on the Saudi Stock Market.
In a press statement today, he said that the Authority is seeking since its inception to develop the Saudi Capital Market and that the decision allowing foreign investors will contribute to the achievement of this through a number of goals in short and long terms including the addition of specialized international investors' expertise to the local market, and promotion of the Authority's efforts towards increasing institutional investment in market as well as encouragement of the listed corporations to improve the level of transparency, disclosure and governance practices.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.