Saudi Arabia advances in Global Competitiveness Indicators on capital markets

20/05/2021 Argaam

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Saudi Arabia witnessed a remarkable progress in the Global Competitiveness Indicators related to the capital market, the Capital Market Authority (CMA) said, citing the World Competitiveness Yearbook 2020 published by the International Institute for Management Development (IMD).

 

The Kingdom’s ranking moved up two notches to 24th in 2020 among 63 countries, according to Yazeed Al-Demaigi, Deputy, Strategy & International Affairs at the CMA.

 

Saudi Arabia moved upward in six indicators, mainly the market capitalization (as a percentage of gross domestic product), jumping from the 26th rank in 2019 to the 2nd rank globally in 2020.

 

position from the thhe 20In terms of access to capital markets, the Kingdom jumped to t thplace from the 36 ths), it moved up to the 4in 2019. For initial public offerings (IPO rd33added. Demaigi-Alplace,

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