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00:00 The steps are being taken in the Saudi market.
00:04 There were the latest statements that we heard from the president of the Saudi Financial Market Council about the public proposals.
00:12 We look at the details.
00:14 There are 19 companies waiting to complete the process of steps in the Saudi market.
00:21 There are also nearly 50 applications for public registration.
00:25 These companies are eager to enter the Saudi market.
00:29 The Saudi market has been through the past with the processes it has done from its entry to the international indicators,
00:35 if the MSCI for emerging markets and also FTSE Russell.
00:39 This has also strengthened the foreign investment that we have seen in the Saudi markets.
00:44 We noticed that the foreign investment ratio has also increased in the past period in the companies listed in the Saudi market.
00:53 The foreign investment has increased by 7 billion Riyals in 2017 and reached 370 billion Riyals in 2023.
01:07 These are the strong flows that have entered the result of the big opening that we have seen on the foreign investment,
01:13 especially for the Saudi companies listed in the Saudi market.
01:16 Therefore, the Saudi market aims to be one of the largest markets in the world in 2030 among the top ten.
01:24 But currently, the Saudi market is rated as one of the markets,
01:29 which is ranked sixth on the MSCI index, for emerging markets in terms of market value.
01:35 For these statements that we also heard from the financial market council,
01:38 there was a recent step and also the release of four main indicators.
01:44 Also, the release of these indicators was of great importance,
01:48 especially for the primary index of the exchange of investments.
01:52 This index has several benefits and reflections for the investor.
01:56 First, it will measure the performance of the companies that have been listed in the last five years.
02:02 It also allows the investor to better evaluate the performance of investment products
02:09 and motivates them to diversify the products and financial tools available to this investor.
02:15 But also, this type of indicators gives a clear view of the composition of the Saudi market,
02:23 especially since the large companies represent 70% of the total market value of free stocks
02:30 and 20% for medium-sized companies.
02:33 As for the number of new levels that we saw in 2022, there were about 17 companies,
02:40 and in 2023, there were about four companies.
02:44 So, these directions by the Saudi financial market council are to propose new indicators
02:50 and also steps that strengthen the strength and performance of the Saudi market.