Saudi Arabia-hosted finance event to outline Arab post-pandemic recovery

  • Date: 30-Mar-2021
  • Source: Arab News
  • Sector:Economy
  • Country:Saudi Arabia
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Saudi Arabia-hosted finance event to outline Arab post-pandemic recovery

JEDDAH: The 11th annual conference of the Arab Federation of Exchanges is being hosted by Saudi Arabia this year and features keynote speakers discussing the importance of finance in supporting the Arab region's post-pandemic recovery. Supported by the Saudi Stock Exchange Company (Tadawul), the two-day conference is the largest gathering of regional financial institutions in the region this year. The event, which kicked off on Monday, takes place digitally this year, with the first day focusing on the role of environmental, social and corporate governance practices in achieving economic growth and financial prosperity. Chairman of Saudi Arabia's Capital Market Authority, Mohammed El-Kuwaiz, told delegates the event is an important dialogue platform for the exchange of expertise and experiences, especially at a time when the region is still dealing with the negative impact of the pandemic on financial markets. "Our conference today comes at an important time, as financial markets have witnessed during the past year exceptional challenges due to the pandemic and precautionary measures that have been imposed to combat it," he said. "Despite the obvious impact on the economy, the role of financial markets was also clear in supporting the economic recovery and the financing needs of market participants