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Saudi Stock Exchange Progress, Push Monetary Liquidity to Rise

Saudi men chat outside the Saudi Stock Exchange in Riyadh. (AFP/ File)
Saudi men chat outside the Saudi Stock Exchange in Riyadh. (AFP/ File)
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Saudi Stock Exchange Progress, Push Monetary Liquidity to Rise

Saudi men chat outside the Saudi Stock Exchange in Riyadh. (AFP/ File)
Saudi men chat outside the Saudi Stock Exchange in Riyadh. (AFP/ File)

The balanced performance of Saudi stock exchange is expected to propel monetary liquidity for the aim of investment in listed firms during the coming period. The Saudi index closed Thursday’s trading at 7,085 points amid trading of monetary liquidity of SAR5.1 billion (USD1.36 billion), an enhanced liquidity compared to averages shown during the past three months.

In a related matter, up to 30 Saudi establishments are subject to quarterly evaluation by Saudi Export Development Authority. This assessment evaluates the exporting-readiness of the establishment and analyzes the current condition and potential enhancement opportunities that grant the firm a competitive advantage in accessing the field of exporting and global markets.

According to a statement issued Thursday, a number of field visits were carried out to the firms, which were provided with a detailed analysis of the firm, its points of weakness, progress opportunities and a number of recommendations to increase readiness.

Firms participating in the assessment come from diverse sectors, covering the basic target sectors in the national export strategy, such as petrochemicals, food, medical industries and construction items.

Secretary-General of the Saudi Export Development Authority Saleh al-Salami launched in the beginning of 2017 three initiatives relating to reinforcing exports. These initiatives contribute in meeting three national goals (on exports) listed in the National Transformation Program going in tandem with Saudi Vision 2030.

The three goals are: increasing non-oil exports, reinforcing export-related capabilities, infrastructure and procedures and, third, facilitating access and promotion in target markets.

These developments coincide with a jump of investment funds assets in Saudi Arabia in the third quarter of 2017 (2 percent), compared to the second quarter of the same year. Operating funds reached a total of 278 by the end of the third quarter.

Investment funds assets rose to SAR112.7 billion (USD30 billion) by the end of Q3 2017, revealed Saudi Arabian Monetary Authority (SAMA).

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Indonesia, Singapore Sign Deals on Power Trade, Carbon Capture 

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 
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Indonesia, Singapore Sign Deals on Power Trade, Carbon Capture 

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 

Indonesia and Singapore signed initial deals on Friday to develop cross-border trade in low carbon electricity and collaborate on carbon capture and storage, ministers from both countries said in Jakarta.

The electricity deal reaffirmed an earlier agreement to export solar power from Indonesia to Singapore, with a group of companies planning to build plants and grid infrastructure to generate and transmit the power.

The memorandum of understanding signed by the two countries says they will aim to draw up policies, regulatory frameworks and business arrangements that will enable Indonesian power to be delivered to Singapore.

Indonesia expects to export 3.4 gigawatts of low-carbon power by 2035, according to a presentation slide shown by Indonesia's energy minister Bahlil Lahadalia.

In another MoU, the two countries said they would look into drawing up a legally binding agreement for carbon capture and storage that would allow cross-border projects to go ahead.

If successful, it will be the first such project in Asia, said Singapore government minister Tan See Leng.

Energy firms BP, ExxonMobil, and Indonesia's state company Pertamina are already developing CCS projects in Indonesia.

With its depleted oil and gas reservoirs and saline aquifers capable of storing hundreds of gigatons of CO2, Indonesia has allowed CCS operators to set aside 30% of their storage capacity for carbon captured in other countries.

The two countries also signed a deal for the development of sustainable industrial zones on several Indonesian islands near Singapore, including Batam, Bintan and Karimun.

Bahlil said the deals could bring in more than $10 billion of investment from the manufacturing of solar panels, the development of CCS projects and potential investment in industrial estates.