Riyadh – Mubasher: The vice president of the Saudi Capital Market Authority (CMA) Mohamed Al Qoweiz has denied reports that major Saudi investors recorded "unprecedented sales" in 2016, Al Iqtisadiya newspaper reported, citing the official as saying.
Top Saudi investors' sales netted SAR 1.4 billion in 2016 compared to SAR 6.2 billion in 2014, the official said at a meeting organised by the Jeddah Chamber of Commerce on Thursday.
The year 2015 saw strong buying by the market's top investors, registering net purchases worth SAR 8.4 billion, he added, according to the newspaper.
Saudi market liquidity will be the highest in the Middle East by 2020 and globally by 2030, he said.
