Saudi Stock Exchange, Argaam sign MoU to help raise investor awareness

The Saudi Stock Exchange (Tadawul) inked a memorandum of understanding (MoU) with Argaam Investments Co. to increase investor awareness and enhance the role of investor relations in the local equity market.

The preliminary deal was signed by Khalid Abdullah Al-Hussan, Tadawul’s chief executive officer, and Islam Zween, Argaam’s Chief Executive Officer, on the sidelines of the Euromoney Conference 2018.

“Tadawul believes that it’s necessary to increase investor awareness and enhance the role of investor relations among Saudi-listed firms,” Al-Hussan said.

“Under this MoU, Tadawul aims to enhance the best practices in investor relations as well as corporate governance and transparency,” he added.

Argaam’s Zween commented on the deal, saying, “Argaam is a unique financial news portal in the business and investment community in the Kingdom and the GCC. We’re seeking that the new agreement will be a cornerstone for our joint efforts to increase investor awareness going forward.”

Argaam’s editorial team has a broad experience in conveying various awareness messages to Saudi and GCC investors.

Argaam.com is the pioneering provider of real-time financial data, analyses and full-fledged data packages for the Saudi and GCC capital markets, Zween added.

In July 2017, Tadawul had launched its “Invest Wisely” program, a platform designed to cater for the needs of those interested in investment.

The equity market also organized eight workshops on investor relations (IR). It is planning to launch soon comprehensive guidelines for the best practices in the IR field.