What is the impact of the announcement of Saudi Arabia’s higher rating from Standard & Poor’s?
This rating is very important for Saudi Arabia. It is becoming necessary for all countries to have a rating and it is a crucial building block in the financial system we are creating.
The first element of the financial sector is the banking sector, which is well organized, professionally supervised and offers excellent services to customers.
The next element is the establishment of the formal stock exchange, which has been made possible by the capital market law, which was passed this year and is now being implemented.
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