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‎CMA develops strategic idea for 2024-2026: Chairman

CMA develops strategic idea for 2024-2026: Chairman

Mohammed El-Kuwaiz, CMA Chairman

Saudi Arabia’s Capital Markets Authority (CMA) is working on its strategic idea for the length 2024-2026, Chairman Mohammed El-Kuwaiz acknowledged in a assertion.

The goal is to build obvious sustainable style of the monetary sector, alongside with sleek achievements and document-breaking outcomes that can deem positively on the stock market, particularly, and the sector, normally, El-Kuwaiz acknowledged on the 93rd Nationwide Day.

The monetary market surpassed the targets for a series of indicators place of living in CMA’s strategic idea for 2022, the Chairman acknowledged.

The market capitalization as a share of GDP reached 91%, exceeding the target of 77%, with an fulfillment fee of 118%. The volume of the debt instruments market, as a share of GDP, reached 32%, surpassing the target of 18.7% and with an fulfillment fee of 171%.

The series of funding funds reached a document high of 1,130 by the terminate of the 2d quarter of 2023, a 34.68% elevate from 839 funds within the year-within the past length, El-Kuwaiz acknowledged.

He also illustrious that the series of subscribers to each public and non-public funding funds elevated by 33.5% to 901,900, up from 675,500 subscribers at the terminate of Q2 2022.

Licensed foreign investors’ ownership of the fundamental stock market amounted to SAR 298.forty five billion in Q2 2023, up from SAR 284.01 billion in Q2 2022, an elevate of SAR 14.43 billion, or 5.1%, on an annual basis, the Chairman added.

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