Saudi Arabia has achieved advanced ranks in the indicators related to the financial market, according to the World Competitiveness Yearbook issued by the International Institute for Management Development (IMD) for the year 2022.
The Kingdom’s ranking rose in 9 indicators out of 12 indicators related to financial markets, while 3 indicators maintained the same arrangement compared to 2021.
According to the report, the Kingdom ranked first in the stock market capitalization index and the shareholders' equity index, while it ranked second in the financial markets and venture capital indices. The Kingdom also ranked third in the indicators of the initial public offering and the boards of directors within the Group of Twenty, to be in one of the first three ranks in 6 out of 12 indicators related to the financial market at the level of the Group of Twenty.
This progress is a reflection of a number of efforts and measures taken in the financial market during the last period. To develop the financial market sector and apply the best international practices in it.
The authority confirmed that it is continuing its efforts to achieve the Kingdom's Vision 2030, through the axis of a prosperous economy, to achieve advanced positions in a number of global competitiveness indicators.
Source (Al-Arabiya.net Website, Edited)
