Saudi Finance Minister expects domestic debt market to grow further

Saudi Finance Minister expects domestic debt market to grow further

Saudi Finance Minister expects domestic debt market to grow further We have reformed the capital markets both on the equity side and the debt side, and the debt markets liquidity has grown by about 200% during 2020: minister    Saudi men are seen next to a logo of the Future Investment Initiative ahead of the opening ceremony of the fourth annual conference in Riyadh, Saudi Arabia January 27, 2021. DUBAI - Saudi Finance Minister Mohammed al-Jadaan said on Wednesday he expects Saudi Arabia's domestic debt markets to become more liquid after a large expansion last year."We have reformed the capital markets both on the equity side and the debt side, and the debt markets liquidity has grown by about 200% during 2020, and we're likely to see even more growth in that area because the market has a depth (and) investors are looking for safe yields and this market provides that," he said.Jadaan was speaking at the Future Investment Initiative (FII) conference in Riyadh.(Reporting by Davide Barbuscia) (([email protected]; +971522604297; Reuters Messaging: [email protected]))Zawya CoveragegccUAE, Bahrain make a strong start to vaccine rollout than other GCC statesmorning briefingThursday Outlook: Dollar rallies as sudden sell-off on Wall Street; Asian shares slidefinancial servicesStable outlook