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FinancialNews
15-02-23
Singapore, Saudi stock exchanges sign MoU to improve cooperation, ease deals for investors
(MENAFN) Saudi investors are going to now find it easier to position capital in Singapore because of the inking of a Memorandum of Understanding among the two nations’ share exchanges, in line with a top executive at the Southeast Asian-located bourse.
In an exclusive meeting with Arab News on the offshoots of the Saudi Capital Market Forum, Pol de Win, chief of Global Sales & Origination at the Singapore Stock Exchange, stated that the deal is going to act as a linking pool of capital among the two markets.
Along with de Win, the Singapore Exchange is attempting to improve the procedures of actions among Tadawul Exchange as well as SGX Group by supporting regulatory norms.
Talking about the MoU, de Win asserted that “This is really a formalization by both sides; both the Tadawul Group as well as SGX. We see real opportunities to work more closely together, broadening the offering of our respective market participants; both issuers and investors.”
“It is also for investors that are based in Singapore to deploy their capital into the Saudi market. That is a very important thing for Saudi Arabia,” he also mentioned.
MENAFN15022023000045014228ID1105576002
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