Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Saudi financial market outperforms G20 counterparts: CMA

Saudi financial market outperforms G20 counterparts: CMA

Saudi Arabia’s financial market led its counterparts in other G20 countries in 2022 in terms of shareholders’ rights and stock market capitalization as a percentage of gross domestic product, according to the Capital Market Authority.
The shareholder’s rights as a percentage of GDP give a sense of the influence that they have on the economy, while the stock market capitalization-GDP ratio indicates the size of the stock market in relation to the country’s economy.

In its annual report for 2022, the authority stated that the rate of public offerings in the Saudi capital market advanced to a new high, with a portion of 37 businesses’ shares offered for sale in the main and parallel markets for a total of SR40 billion ($10.6 billion).

Some 13 firms’ shares were registered for a direct listing on the parallel market in the same context.

Saudi’s capital market was dubbed “resilient” in February by Wassim Alkhatib, CEO of Lazard Investment Banking for the Middle East and North Africa, as he talked of the unprecedented global challenges that countries around the world had faced in 2022.

“The CMA is creating the potential required to provide a suitable and encouraging environment for the capital market system to positively reflect on the Kingdom’s economy,” Mohammed bin Abdullah Elkuwaiz, chairman of the CMA said in the report.

In terms of foreign ownership, the main market witnessed record net foreign investment levels in 2022, amounting to about SR184 billion.

By the end of 2022, foreign investors’ ownership value in the main market totaled SR347 billion, which represents 14 percent of the free float total value.

According to the regulator, since the Saudi market joined the MSCI Emerging Markets Index in 2019, the pace of growth in foreign investment last year was the highest.

The CMA approved three new operational regulations — Securities Exchanges and Depository Centers Regulations, Instructions on Direct Financing Investment Funds, and Instructions for Shariah Governance in Capital Market Institutions.

Additionally, the authority altered seven implementing regulations, rules, and guidelines.

Some 91 licenses were the subject of inspections, which were broken down into 53 cycle inspections and 38 cause inspections.

On the control level, thorough investigations into possible trading violations increased by 17.7 percent to 859 instances in 2022 from 730 cases in 2021, yielding 11 suspected cases and 152 control inquiries, the CMA reported.

Elkuwaiz emphasized that such accomplishments are the result of the hard work and dedication of all employees aiming to place the Kingdom in its rightful place and achieve the CMA’s strategic objectives.

These objectives include ranking the Saudi market as the leader in the Middle East and placing it among the top 10 capital markets globally, in line with the Kingdom’s Vision 2030.

Complaints received fell 15.7 percent to 12,118, with 11,354 settled and 512 referred to the Committee for the Resolution of Securities Disputes, while 252 are under review.

On the legal level, the total compensation ordered by the CRSD in its final rulings was SR1.75 billion, a rise of 377.7 percent from 2021.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×