Finance & Capital Market

Six MoUs signed at the Saudi Capital Market Forum 2024

Six MoUs were signed across key areas, boosting collaboration and advancing the Saudi capital market’s infrastructure as the Saudi Capital Market Forum 2024 wound to a close, in which over 640 investors participated.
Saudi Tadawul Group, which organised the Forum, announced that the first-ever Hong Kong edition of the Capital Market Forum - CONNECT Hong Kong will be held on May 9, 2024.
The Saudi Capital Market Awards 2023 held in conjunction with the event, which saw 4,200 participants, recognised excellence and expertise across 15 categories.
Leading financial minds
The Forum brrought together the world's leading financial minds and decision-makers, catalysing dialogue and innovation in the global financial landscape and emphasising the integration of emerging markets with established financial systems. The Forum focused on key themes such as market evolution, investment strategies, and regulatory developments, reflecting the kingdom's commitment to economic diversification and its strategic role in shaping the future of finance.
Eng Khalid Al-Hussan, Saudi Tadawul Group CEO, commented: “As we conclude the Saudi Capital Market Forum 2024, under the patronage of Mohammed Al Jadaan, Minister of Finance and Chairman of the Financial Sector Development Programme, it's evident that Saudi Arabia has made remarkable strides in its journey towards an advanced capital market. Building upon the progress made over the past years, this flagship event has once again demonstrated our unique ability in connecting international markets, allowing for meaningful dialogue to create value for all in a sustainable manner.”
Strategic deals
During the event, a series of strategic agreements were announced between Saudi Tadawul Group and its subsidiaries and the following entities:
*Saudi Tadawul Group and Shatlat signed a Memorandum of Understanding to promote environmental awareness and tree planting initiatives;
*Saudi Tadawul Group and Atrum signed a Memorandum of Understanding to cultivate Saudi Arabia’s art and culture;
*Saudi Exchange and Ministry of Human Resources and Social Development signed a cooperation agreement to launch a Social Responsibility Index;
*Saudi Exchange and SALIC signed a Memorandum of Understanding to advance sustainability initiatives; and
*Muqassa and Instimatch Global AG signed a Memorandum of Understanding to enhance repo trading in the Saudi capital market,
The Forum concluded with the presentation of the Saudi Capital Market Awards 2023, in collaboration with CFA Society Saudi Arabia and the Middle East Investor Relations Association (MEIRA).
The Saudi Capital Market Awards were established to recognise those demonstrating industry excellence and best practice across a variety of areas.--TradeArabia News Service