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"Finance" Saudi Arabia Announces the Launch of the Primary Dealers Program
Wednesday – 12 November 1439 – 25 July 2018
Riyadh: "Middle East Online"
The Public Debt Management Bureau of the Saudi Ministry of Finance announced the launch of the first issue of the Master Traders Program for the distribution of local Sukuk in Saudi Riyals.
"The five financial institutions that have been designated as major traders are: the National Commercial Bank, the Saudi Arabian Bank, the Al-Jazeera Bank, the Al-Jazeera Bank, and Group" This group, which reflects the partnership between the government and the private sector, has been identified as very experienced, professional and able to develop private capital markets in Saudi Arabia. "
Investors as primary market distributors, as well as their central role in Market by offering supply and demand prices for all forthcoming Saudi Government Sukuk program shows in Saudi Riyals immediately after their listing.As well as the market industry, which play an active role in stimulating financial markets and increasing liquidity in secondary markets.
This is part of the strategy of the Financial Sector Development Program to enable financial institutions to support the growth of the private sector. This part of the strategic tasks of the Ministry of Finance to support and develop the private sector in accordance with the objectives of Vision 2030, in order to develop the financial sector in Saudi Arabia, and that the private sector is a key pillar of development to achieve its objectives and access a sophisticated financial market. Between the government and the private sector.
Saudi Arabia
The Saudi Economy
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