The Saudi Stock Exchange was voted Exchange of the Year Middle East and North Africa at the Global Investor/ISF MENA Awards 2015 in a ceremony held on Wednesday at the Atlantis Hotel in Dubai.
The last year has seen considerable advances at the Exchange, including the transition of operations to the world-leading Nasdaq X-Stream INET trading platform and a number of significant reforms most notably the successful launch of the Qualified Foreign Investors framework that allowed direct foreign investment in the Saudi stock market for the first time.
The annual awards ceremony honours achievers from the financial services and asset management industry in the MENA region.
Adel Al-Ghamdi, CEO of the Saudi Stock Exchange, commented:
"These awards reflect the immense hard work and dedication of my team at the Exchange and the support we have been given at every stage by market participants and our colleagues at the CMA. I would like to take the chance to thank them for their efforts."
"This has been a very successful twelve months in spite of the challenging global economic conditions but of course it is only the beginning of a longer journey. I hope we can continue to build on the foundations we have established so that the next twelve months are as successful as the last."
"This is yet another honour the Saudi Stock Exchange has received over the last two years, and it is my sincere hope that our local and foreign stakeholders, including investors, policymakers and regulators are paying attention; such awards are symbolic of the tremendous strides we are making as an organization".
"As for the future, and together with my colleagues, we have now embarked on a new and exciting journey for the Saudi Stock Exchange, and the Saudi Capital Market as a whole. There is no doubt that the road ahead will be riddled with a number of difficult challenges, but with God' s grace, it will see us continue to redefine ourselves, our culture and our identity. It will see us strengthen our capabilities and our delivery, both organically and inorganically, and it will also see us expand our reach regionally and internationally to truly become a multi-product, multi-market, multi-client platform offering integrated end-to-end solutions to our clients wherever they may be".
"I' m very excited about this new chapter in our continuing story and so are my fellow journeymen and women, who understand that what we do, we do for our nation, and for the welfare of our economic development and sustainability".
