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DMDF 2024: Unlocking Financial Growth Potential in Saudi Arabia

Saudi Arabia will host the Debt Markets and Financial Derivatives Forum (DMDF) 2024, on September 8, in Riyadh, according to the Saudi Press Agency (SPA).

The event, organized by the Saudi Financial Academy, will bring together leaders and experts from the financial sector to discuss the latest trends and innovations in securities, focusing on improving internal capabilities and supporting financial sustainability.

DMDF 2024: Unlocking Opportunities

Under the theme “Unlocking Growth Opportunities,” the DMDF 2024 will explore the latest economic developments as well as the shifts in local and global investment strategies. It will involve panel discussions and workshops featuring regional and international distinguished leaders in the financial sector.

This will enable participants to explore the latest economic developments, investment strategy transformations, and future financial market trends.

Moreover, the event will provide a venue for exchanging ideas, building professional relationships, and identifying new opportunities for partnership. It will also provide an opportunity to connect with industry counterparts and explore potential collaboration for future growth and success in the financial market.

Aligning with Vision 2030

The DMDF 2024 objectives comes in line with the goals of the Financial Sector Development Program, a key element of Saudi Vision 2030. The Program, launched in 2018, focuses on banking, insurance, stock markets, and debt markets to deliver a significant change in the Saudi financial industry.

Furthermore, the Program works in close collaboration with the Saudi Central Bank (SAMA) to strengthen the banking sector by investing in technology and providing a wide range of financial products and services.

The Financial Sector Development Program is regularly updating its laws and regulations to meet the highest international standards. It has already achieved remarkable milestones including launching its forward-thinking FinTech strategy, granting licenses to three cutting-edge digital banks, and establishing a Financial Academy to train and develop future financial leaders.

Driving Transformation

Under the sponsorship of the Chairman of the Saudi Capital Market Authority and the Board of Trustees of the Financial Academy, Mohammed El-Kuwaiz, the Forum will contribute to achieving the objectives of the Financial Academy, which involve harnessing resources to provide high-level services aligning with Vision 2030.

In the light of this, the CEO of the Financial Academy, Mana bin Mohammed Al-Khamsan, told Asharq Al-Awsat that the DMDF synchronizes with the ongoing progress in Saudi Arabia, under Vision 2030, that aims to drive transformation across all sectors, most notably the economy.

DMDF Areas of Focus

Al-Khamsan said the DMDF will focus on several key areas in the financial sector, such as strategic partnerships with local and international exchanges. This includes collaborations with the Saudi Tadawul Group and the Chicago Mercantile Exchange. Moreover, it includes partnerships with famous international organizations, such as the CFA Institute and the International Capital Market Association (ICMA).

The Financial Academy CEO added that the key focus of the DMDF 2024 will be the debt and derivatives markets, which are projected to see significant growth in the near future as a result of the recent legal and regulatory reforms. The debt and derivatives markets will be pivotal in diversifying financing resources and improving liquidity.

Meanwhile, these markets are experiencing rapid growth in Saudi Arabia, making them poised to play a vital role in expanding financing resources and improving liquidity over the coming years. Al-Khamsan also expected that the improved regulatory environment and increased investor confidence will lead to a rise in foreign investments in the Saudi financial market.

Future Prospects

According to Al-Khamsan, the DMDF aims to achieve measurable outcomes. He explained that this will materialize through tracking the impact of the Financial Academy’s initiatives on career development within the financial sector and fostering the principles of continuous professional training in the Saudi financial industry.

Additionally, the forum aims to establish the Kingdom’s position as a leading regional and global investment hub. This will be achieved through partnerships and collaboration with respectable local and international entities, including the Saudi Tadawul Group, the Chicago Mercantile Exchange, and the CFA Institute.

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