According to Arabiya Net, the authority advised that this be announced before the end of the third quarter of this year.
Currently, cooperation with the Small and Medium Enterprises Authority is increasing in pushing the enterprise sector towards public offering and listing, amid the presence of 7,000 Saudi companies that are hyper-growing and promising for the future. p>
Mohammed Al-Qweiz, Chairman of the Capital Market Authority, said that the Saudi stock market represents 70% in terms of the capital value of the markets of the Middle East region, and it is aptly based on the development of The stock markets have a constant continuity, as they are based on developing the debt market after a journey of maturity and liquidity, and the state is adopting debt issuances, which is an indication of pricing, according to the Middle East.
Al-Quwaiz added: We are currently living in the stage of developing the derivative market, where it is being heavily worked on as options and futures contracts, stating that the latter (futures) will be announced Soon before the end of the third quarter of this year.
Al-Quwaiz added that the experience of the Saudi financial market to shift from domestic to global by opening the market to foreigners and joining global indicators revealed that the impact of the foreign investor in the shadow of the Corona crisis was a factor of stability , Which confirms the high confidence in the Saudi financial market.
He continued: The experience of the Saudi financial market with the foreign investor was successful in light of the virus epidemic, as the surprise was with cash flows since the beginning of the year until last June, with an additional value of 10 billion riyals , Along with 100 billion riyals registered in the year 2019.
According to Al-Quwaiz, it is more likely that the repercussions of the effects of Corona will appear in the second quarter, so it was important for the commission to work to mitigate the impact of the pandemic, whether listed or that wish to benefit from Listing later, listed - according to Al-Quwaiz - by extending additional deadlines to disclose their financial statements, while companies that were not listed, by clarifying the opportunities for growth demand for companies benefiting from the pandemic, such as technology, delivery and education companies as promising opportunities.
Al-Quwaiz added that the facilitative procedures for the requirements of the financial market are ongoing, including facilitating the licensing of investment companies wishing to engage in some activities such as advice, mediation, management, and arrangement, noting that work has been done to update the list Licensees to create new categories of licenses allow smaller firms to manage assets to create investment opportunities in the financial market.
NamaaZone " The Power of Knowledge"
