Sukuk Conference Discusses Role of Debt Markets in Economic Growth 2 Riyadh

Sukuk Conference Discusses Role of Debt Markets in Economic Growth 2 Riyadh

الثلاثاء 1438/3/7 هـ الموافق 2016/12/06 م واس

The CMA pointed out that the conference aims to achieve its strategic objectives which include deepening the capital market and encouraging the issuance of debt instruments, in addition to promoting the economic development of Kingdom’s Vision 2030.
Furthermore, the CMA is working hard to develop the debt instruments market in the Kingdom due to its importance in national economy, and being a major support to the funding of development projects. As the introduction of debt instruments market and its continuing flourish depends on a combination of success elements associated with the CMA and third parties, this would require coordination with those parties and they all need to agree on the importance of Sukuk and debt instruments market in the future as a main financing source to support commercial banks.
Accordingly, the CMA is working to develop a unified strategic direction for the future of the debt instruments market, which would consequently require consensus in the general policies among decision-makers, and that each party should do its role in relation to the components and elements of the development of the market.
–SPA
12:53 LOCAL TIME 09:53 GMT