Saudi Arabia’s PIF to Shun Swiss Financial Markets After Credit Suisse

Saudi Arabia’s PIF to Shun Swiss Financial Markets After Credit Suisse

Two years after it was left nursing losses from the rapid collapse of Credit Suisse, the head of Saudi Arabia’s Public Investment Fund said it will no longer invest in the country’s financial markets.

Saudi capital markets hit SAR1 trillion mark in 2024

Assets’ value up 21% on 2023 1.7m investors and 1,500 funds 40 IPOs on Tadawul last year The value of assets under management in Saudi capital markets surpassed SAR1 trillion for the first time last year. Their value was 21 percent higher than in 2023, according to the Capital Markets Authority’s annual report. It brings Saudi Arabia closer to achieving its Vision 2030 ambitions for the financial sector. Total assets under management increased t…

The investors in the Middle East were particularly affected by the Swiss Abrupt Decision to ignore investors' votes when BB Group AG took credit Switzerland, two years ago.