His Royal Highness Prince Fahd bin Muqrin bin Abdulaziz stressed that the Cabinet's approval to open foreign investment in the Saudi stock market is a positive step that enhances the quality, effectiveness and transparency of the market, if strong and highly experienced companies and financial institutions are selected. His Highness pointed out that the Kingdom's economy is witnessing unprecedented leaps as a result of the serious reforms taken by the wise leadership, which contributed to strengthening its position as the largest Arab economy, to enter the club of the 20 largest economic countries in the world.
Broad and distinctive engagements
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His Highness opened the Stock and Financial Investment Exhibition and Forum, organized by the Jeddah Chamber of Commerce and Industry. With the participation of Amlak Real Estate Newspaper, from April 5 to April 7, 2015, which is considered the first Saudi exhibition specialized in the field, and was held at the Jeddah Hilton Hotel, His Highness toured the exhibition pavilions and listened to a detailed explanation of the participating companies and the nature of their business.
His Highness toured the exhibition pavilions.
The exhibition witnessed wide participation from major financial brokerage companies, in addition to financial investment companies and banking training institutes, as it was an opportunity for investors to meet with leading companies and concerned authorities and open horizons of cooperation in order to achieve a safe investment.
The exhibition witnessed wide participation from major financial brokerage companies, in addition to financial investment companies and banking training institutes.
Highlighting Challenges
On the sidelines of the Equities and Financial Investment Exhibition and Forum, Mohammed Al-Shehri, Chairman of Kingdom International Group, the organizer of the exhibition, said that the exhibition aims to look into the future of the Saudi stock market, as it awaits the entry of foreign investments in it according to specific controls and conditions in the middle of this year, and the exhibition comes to highlight the many challenges facing the market; most notably the levels of disclosure and transparency, violent speculation and poor awareness to read variables as well as the issues of issuing bonds and various debt instruments from the legislative and regulatory aspects.
The exhibition aims to shed light on the issues that affect the issuance of bonds and debt instruments from the legislative and regulatory aspects.
Entry of foreign companies
In the same context, the Experts Forum welcomed allowing foreign companies to enter the market and creating a safe and attractive environment, as well as promoting ways to apply the latest international financial standards in monitoring and inspection and solving the legislative and legal difficulties that the bond and sukuk market faces, which hinders the issuance and diversification of available debt instruments.
The Forum's experts welcomed the Forum's decision to allow foreign companies to enter the market.
He pointed out that investing in the stock and securities market has legal and technical rules, warning against relying on false information in buying and selling because this may lead to losses for the investor, and warned in the same context against violent speculation as happened on Black Monday in the New York Stock Exchange or the Saudi stock market in February 2006, or the Al-Manakh Securities Market in Kuwait in 1983.
And he warned against violent speculation as happened in Black Monday in the New York Stock Exchange or the Saudi stock market in February 2006, or the Manakh Securities Market in Kuwait in 1983.
Regulations for foreign investment
The speakers emphasized the usefulness of the Council of Ministers' approval for foreign investors to enter the Saudi stock market, According to the regulation announced by the Capital Market Authority to regulate the investment of foreigners in the Saudi market as of the middle of this year, the value of assets managed by foreign institutions wishing to invest in the Saudi market must not be less than 18 billion riyals and may be reduced to 11 billion riyals, and no foreign investor will be allowed directly in the market to own more than 5% of any listed company, provided that the direct ownership of foreigners does not exceed 20% of any company combined, and foreigners will not be allowed by the various investment means available to them to own more than 10% of the market value of the stock market.
Participants discussed the latest developments and developments in the stock market, stability factors and the mechanism of entry of foreign companies and banks to invest, as well as educating investors on ways to preserve and grow their funds by focusing on transparency and trust, supporting corporate governance and expanding the investor base.
Participants also noted the need to educate investors on ways to preserve and grow their funds by focusing on transparency, trust, corporate governance and expanding the investor base.
Al Jazeera Capital is the main sponsor of the exhibition
Al Jazeera Capital participated in sponsoring the exhibition as its sponsorship is an active participation in the efforts to meet between government institutions, regulatory committees and individual and institutional investors of different categories and levels.
Al Jazeera Capital is the main sponsor of the exhibition.
On the sidelines of the sponsorship, Eng. Ziad Aba Al-Khail, Managing Director and CEO of Al Jazeera Capital, stated that the company always seeks to enrich the financial market with its global knowledge and local expertise, hence the idea of sponsoring the forum and exhibition specialized in the Saudi stock market and investment, in order to dialogue and interact with official partners and investors and discuss expanding relationships and investment horizons to provide advanced investment products that meet the ambitions and aspirations of all customer groups. <p class="p2








