The investments of huge businesses such as “Black Rock” contribute to the deepening of the Saudi financial market, as it is not limited to listed shares, but rather public subscriptions, companies and banks’ publications against debt, according to a member of the Saudi Economics Association Seed. Al -thaqfan, in an interview with Al -Sharq, noted that these investments support the growth of companies by giving them the necessary financing and emphasizing their importance, especially if it coincides with a momentum in public proposals. ‘Bloomberg’ indicated that the market value of shares owned by companies such as ‘Black Rock’ in the Gulf Stock Markets is approximately $ 18.6 billion, the Saudi market acquires more than half of it. Black Rock has shares in about 150 Saudi businesses and funds with a market value of $ 9.6 billion, equivalent to about $ 9% of total ownership of foreign investors in the Saudi market.
How do businesses like “Black Rock” contribute to the deepening of the Saudi financial market?
