The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Capital markets reforms prefigure wider change

Legislation is pending that should liberalize Saudi Arabia’s capital markets and attract foreign investment and returning Saudi capital. The extent of these reforms will show how far the country’s leaders intend to open up an economy that needs capital investment and job creation.

Riyadh: despite a booming economy, the
country must invest in energy and infrastructure

The Riyadh branch of Saudi British Bank, located in its headquarters building, is a hive of activity at 4.30 in the afternoon even at the height of summer when many Saudis are away on holiday. The busiest section is the dealing room, where shares are bought and sold online - there are more players in one branch of one bank than are often on the trading floor of most Gulf stock exchanges.

Activity on what is at present an over-the-counter market with daily trade of between two million and three million shares is expected to increase when the government introduces new capital markets legislation. This is likely to be published before the end of the year and will create a properly regulated, transparent market.

The prospect of a more dynamic market is not the only reason why Saudi Arabia's financial community is keen to see the shape of the new legislation.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree