Tadawul to showcase opportunities at top financial centres

20/06/2015 13:14 AST

The Saudi stock exchange (Tadawul) is planning to showcase the opportunities it holds at top financial centres around the world, after opening up to international investors, according to a report.

A series of road shows will be organised in Singapore, London, New York and other key financial centres later this year, said the Arab News report.

Tadawul , which has a market capitalisation of $590 billion and remains the biggest in the Middle East, has just opened to qualified foreign investors (QFI) for the first time, it said.

Saudi Arabia represents approximately 50 per cent of the $1.6 trillion Gulf economy and is the 19th largest economy in the world.

For international investors, the opening of the Saudi stock exchange represents an opportunity to gain access to one of the largest emerging and growing ones in the world.

"We are excited to welcome foreign investors to our exchange. This is an important move and considered next step in a long journey that will continue the development of the exchange, enhance governance among listed businesses and improve research and knowledge in the market,” Adel Al-Ghamdi, chief executive officer, was quoted as saying.


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