Riyadh, 20 February 2024: Riyad Capital, the investment arm of Riyad Bank, and E Fund, the Chinese asset management firm, have entered into a Memorandum of Understanding (MoU) that aims to foster knowledge sharing on local investment expertise and stimulate collaboration on the development of future investment products.

Riyadh, 20 February 2024: Saudi Exchange and the Ministry of Human Resources and Social Development have signed a cooperation agreement to launch a Social Responsibility Index. This index, which will be calculated by a third-party, will serve as a vital tool in assessing and promoting corporate social responsibility practices within listed companies on the Saudi Exchange

Riyadh, 20 February 2024: Saudi Tadawul Group and Atrum have signed a Memorandum of Understanding (MoU) to support and promote artistic initiatives, educational programs, and cultural exchanges within the Kingdom through a strategic alliance that will leverage both parties' respective strengths and reach. This MoU was signed at the third edition of the Saudi Capital Market Forum, being held in Riyadh.

Riyadh, 20 February 2024: Saudi Tadawul Group and Shatlat have signed a Memorandum of Understanding (MoU) to promote environmental awareness and tree planting initiatives within the Kingdom. This collaborative effort aims to address key environmental challenges and promote sustainable practices in the Kingdom of Saudi Arabia. The MoU was signed at the third edition of the Saudi Capital Market Forum, in Riyadh.

Riyadh, 20 February 2024: In a significant move to enhance the financial infrastructure of the Saudi capital market, Muqassa and Instimatch Global AG have entered into a Memorandum of Understanding (MoU) that aims to introduce a state-of-the-art Repo trading platform, marking a new era in the region's financial services landscape. The MoU was signed at the third edition of the Saudi Capital Market Forum, being held in Riyadh between 19 and 20 February.

Riyadh, 20 February 2024: In line with a desire to foster an increase in sustainable practices across the financial and agricultural sectors in the Kingdom, Saudi Exchange and the Saudi Agricultural and Livestock Investment Company (SALIC) have today signed a Memorandum of Understanding (MoU) at the Saudi Capital Market Forum 2024. This strategic partnership signifies a shared commitment to environmental stewardship and advancing sustainability initiatives throughout the Kingdom.

Riyadh, 19 February 2024: Yazeed Alnafjan, Deputy Governor for Financial Innovation at the Saudi Central Bank (SAMA) disclosed that SAMA has been working on establishing netting regulations and developing a comprehensive framework for the Saudi market for some time.

Riyadh, 19 February 2024: Philip Drury, who serves as the Global Head of Technology and Communications Banking, Capital Markets and Advisory, at CitiGroup recently spoke at the Saudi Capital Market Forum, highlighting the significant growth of fintech in Saudi Arabia.

Riyadh, 19 February 2024: During the third edition of the Saudi Capital Market Forum, three new Derivatives Exchange Members were announced, along with the successful completion of the launch of Single Stock Options (SSOs) contracts on the Saudi National Bank.

Riyadh, 19 February 2024: Saudi Tadawul Group, in collaboration with State Street, has released a new report titled 'Overview of Active vs. Passive Strategies in the Saudi Stock Market'. The comprehensive analysis delves into the effectiveness and value of stock selection strategies employed by mutual funds, offering investors critical insights into the dynamics of the Saudi stock market.

Riyadh, 19 February 2024: Khalid Al Ghamdi, CEO of anb Capital, asserted that the increase in the average size of IPOs since the implementation of the National Transformation Program (NTP) indicates an enhancement in the quality and profitability of companies coming to market. He added that, as a result of NTP, the average size of IPOs has increased to US$450 million from US$367 million.

Riyadh, 19 February 2024: Reflecting on the importance of the Saudi capital market in fueling economic growth, Mohamed Al Rumaih, CEO of the Saudi Exchange, asserted that the Saudi Exchange saw more than 120 listings in the past three years across all markets, and helped finance more than 100 billion USD.

Riyadh, Feb 19, 2024: H. E. Mohammed ElKuwaiz, Chairman of the Capital Market Authority announced that there are 56 IPOs in the pipeline across the Main Market and the Nomu-Parallel market, representing a 30% increase from the same time last year.