Saudi Arabia’s $585 billion stock market – the largest in the region – opened to wider foreign investment today in Riyadh. The CEO of Saudi Arabia’s Stock Exchange, Adel Saleh Al-Ghamdi gave an interview to CNBC on the opening of the market and the implications for the Kingdom of Saudi Arabia’s economy.
“The reason is not really about raising further funds for Saudi Arabia—I mean we have a lot of liquidity—but it is these qualitative influences that we are looking for, that we hope will help to develop our capital markets,” CEO Adel Saleh Al-Ghamdi told CNBC in an interview on Monday.
