Tadawul to study feasibility of Damascus Stock Exchange project: Al-Falih

Saudi Investment Minister Khalid Al-Falih said the Saudi Stock Exchange (Tadawul) has launched preparations for a comprehensive feasibility study on establishing and operating a Damascus Stock Exchange.

Speaking at the opening of the Saudi-Syrian roundtable, Al-Falih added that Saudi Arabia will sign an agreement on the promotion and protection of mutual investments with Syria in Riyadh today.

He noted significant progress in several recently signed agreements and memorandums, emphasizing that the Ministry of Investment seeks to overcome economic challenges and obstacles in Syria.

Al-Falih also said the ministry supports a private-sector proposal to establish a fund-of-funds for Saudi investments in Syria, aiming to create a structured and well-governed investment framework to serve the shared objectives of both countries, boost the growth and sustainability of joint investments at an accelerated pace, and deliver exceptional investment outcomes with financing volumes that meet required needs.

In the real estate sector, he said projects signed during the Saudi-Syrian forum have entered implementation and expressed hope to see them materialize soon.