The Chairman of the Board of the Capital Market Authority, Muhammad Al-Quwaiz, said that “since the launch of the Kingdom’s Vision 2030, through which it aims to make the Saudi financial market the main market in the Middle East, and one of the most important financial markets in the world, enabling it to play a pivotal role in developing the economy and diversifying its sources of income. The impact of this movement on the financial market, where the value of institutional investors’ trading increased by 49% during the second quarter of 2021, reaching 207 billion riyals, compared to 139 billion riyals in the second quarter of 2020, and the value of individual investors’ trading increased by 121% from 490 billion riyals to 1081 billion riyals, which led to an increase in the value traded in the stock market by 105% from 629 billion riyals to 1288 billion riyals.
He added in a statement on the occasion of the National Day, “The value of assets under management also increased by 36% during the second quarter of 2021, reaching 704 billion riyals, compared to 516 billion riyals in the second quarter of 2020, and the size of the Sukuk and debt instruments market increased as a percentage of GDP. during the second quarter of 2021.