Saudi Arabia's capital market system attracts inflows: ElKuwaiz

Mohammed ElKuwaiz Chairman of the Capital Market Authority (CMA), said the growth in the financial sector indicators in the 2024 annual report of Saudi Vision 2030 marked a key upside for the local capital market, thereby boosting investor confidence and enhancing Saudi Arabia’s attractiveness to foreign investment.

“We are proud that the capital market system is contributing to the Kingdom's transformation from a capital-exporting to a capital-importing country,” he added on X.

The chairman further stated, “This is clearly demonstrated by the value of foreign investor ownership, which exceeded SAR 498 billion by the end of 2024, compared to SAR 110 billion in 2016.”

ElKuwaiz also noted that the Saudi Exchange (Tadawul) recorded remarkable growth, with its market capitalization (excluding Aramco) rising to 86% of GDP by the end of 2024, compared to 66% in 2019.