Saudi approach toward capital allocation, economic diversification lauded

Saudi approach toward capital allocation, economic diversification lauded

RIYADH: Saudi Arabia’s general disposition around capital allocation is diversified, as financial institutions in the Kingdom are “savvy and strong” with long-term strategies, according to a senior executive.

In an interview with Arab News on the sidelines of the Middle East Investment Conference held in Riyadh, President and CEO of CFA Institute Marg Franklin noted that Saudi Arabia aims to move away from its heavy reliance on oil by diversifying its investment portfolio. Saudi approach toward capital allocation, economic diversification lauded