Saud Al-Tassan, CEO of EFG Hermes Saudi Arabia, revealed that major international companies, including BlackRock and Franklin Templeton, are showing great interest in entering the Saudi financial market (Tadawul). He stressed that the Public Investment Fund (PIF), through its acquisition of local companies, plays “a major positive role in raising the quality in all sectors, which made investors aspire to a larger stock market.”
The Saudi Stock Exchange (Tadawul) took its first step toward the world, starting from London, with the launching of the EFG Hermes Saudi Forum on Monday, under the theme, “Looking for Sustainable Growth.” Participants, including investors, businessmen and stakeholders, gathered on Monday at the Rosewood Hotel in central London, to discuss the investment climate, the available opportunities, and the promising investment components that are unique to the Saudi economy.