Home World Asia-pacific Nomura To Offer Tadawul Access The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse. by Aarti Nagraj February 27, 2012 Global investment bank Nomura has received authorisation from the Saudi Arabian Capital Markets Authority (CMA) to offer international investors access to the Saudi Arabian stock market (Tadawul), the company said in a statement today. Nomura will offer access to Tadawul through total-return swap products, whereby participation securities are issued to foreign investors. “Fuelled by the government’s five-year, $400 billion infrastructure investment plan, the Saudi economy is expected to continue experiencing healthy growth in the years to come,” Khaled AlKhattaf, CEO of Nomura Saudi Arabia said in the statement. “Nomura’s ability to execute transactions for international institutions via swaps, is a significant milestone and will help facilitate the flow of foreign capital into the kingdom,” he said. Tadawul is the largest and most liquid stock market in the Arab region, and the bourse has around 150 listed companies valued at $337 billion, according to Thomson Reuters data. Nomura, which entered the Saudi market in 2010, also has offices in Dubai, Doha and Bahrain. Tags Breaking News World 0 Comments Share Tweet Share Share You might also like Global downturn risks becoming prolonged recession – WEF How should regional businesses effectively navigate their workforce through the Covid-19 pandemic Warmest oceans on record add to hurricanes, wildfires risks Is coronavirus the newest threat to cybersecurity in the GCC?