How are you waiting for your profits? Anhui Member Center Xinhua Daqing Commodity Exchange Investment Promotion

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In response to the economic impact of plummeting oil prices, Saudi Arabia plans to double the size of its stock market and add dozens of listed companies to make it more convenient for foreigners to invest. Saudi Arabia is the largest economy in the Middle East.
The director of the Saudi Capital Market Authority (r) said that the government intends to attract more private companies to go public and at the same time promote the privatization of state-owned assets in order to boost the stock market. The number of companies in the Saudi Arabian Stock Exchange All-Share Index (dd) will increase from the current 7 to 7. The current market capitalization of US$100 million will also increase to the same size as Saudi Arabia’s GDP (D) within seven years.
-d said the government wants to ensure the stock market truly represents the size of the Saudi economy. The current market capitalization of the Saudi stock market accounts for approximately % of D.
Increasing the number of listed companies and trading products and developing the stock and bond markets are important ways to help funds enter a country's economy. -d indicates that in addition to expanding stock index coverage, the Capital Markets Authority also plans to launch derivatives trading, develop the bond market and introduce real estate investment funds. Sidani, head of frontier investments at Schroders Group (), which manages US$100 million in stock investments, said: To promote capital inflows, Saudi Arabia is undergoing large-scale market reforms, among which the stock exchange will become an important channel for foreign investment to enter Saudi Arabia. Privatization is an important part of diversifying the economy away from oil dependence.
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