The decline and decrease in liquidity in the Saudi market has been a major concern for the market movement, which compounded the fluctuation of the movement of financial assets announced by the Saudi Monetary Agency last week, which amounted during the month of January of the current year 2017 about 2028.9 billion riyals, and reports from the institution indicated that the value of the decline amounted to 48.2 billion riyals from the previous month (December 2016), while the value of the decline from the same month last year 2016 about 289.7 billion riyals.

These are examples of the figures and comparisons pumped by official reports about the value of real liquidity in the Saudi market, in addition to the decrease in the total value of financing, and on the other side of the crisis, we find that the parallel market that was launched on February 26<span class="Apple-converted- past with the aim of creating a new market and additional sources of financing for large companies and the establishment of new investment funds, this new situation in "Tadawul" has withdrawn from the real market a large liquidity that may disturb its balance and will have negative effects on the movements of buying and selling and the establishment of startups, and greatly limit the activity of small and medium enterprises (SMEs).

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The plans and objectives of the parallel market came in its overall ambition to support and develop the financial market and is based on the Kingdom's 2030 vision to present the Kingdom as a leading investment power by building a developed financial market open to the world, but there are some requirements that this step needs, including creating a fair balance by pumping more liquidity to the market by banks and enacting additional regulations to encourage productive financing so that the market is not affected by funds leaking to investment funds and large corporate portfolios.

The continuation of the situation in this way will have its negative effects on all economic sectors, but the real estate sector will be the most affected sector because the current situation will put pressure on the prices of various assets, especially land and real estate in a way that pushes them to decline and fluctuate because they will be at the mercy of funds and companies that have acquired large shares of shares.

The residential sector will find very difficult in its investments and will not find funding sources to solve the housing issue; because banks will have found a motive and justification to formulate their justifications for not keeping pace with supporting housing projects under the pretext of not being able to .converted-space"> the expansion of bank credit, and thus their inability to participate effectively in housing finance programs during this stage.

For these and other reasons, we hope that the financial institutions will develop a quick and effective remedy that keeps pace with the development of the Kingdom's financial market, so that economic stability occurs and companies and portfolios do not grow at the expense of market equilibrium.