Capital Markets

While subdued oil prices have had a ripple effect on exchanges across the region, the Saudi Stock Exchange (Tadawul) has forged ahead with a bold strategy of reform. Having opened the door to direct foreign participation for the first time in 2015, in 2016 the exchange authorities and the market regulator are preparing for a new stage of development, which will see the Tadawul integrate further with global capital flows. The inclusion of the exchange on leading emerging market indices is not without obstacles, but the reforms made necessary by the process should leave the Kingdom’s market more transparent and investor-friendly.

This chapter contains interviews with Mohammed Al Jadaan, Former Chairman, Capital Market Authority; and Khalid Al Hussan, CEO, Saudi Stock Exchange.