News

King Khalid University's College of Business (both male and female divisions) hosted a conference with the Chairman of the Saudi Capital Market Authority, Mr. Muhammad Al-Qweiz. Vice-Rector pro tem for Business and Knowledge Economy, Prof. Abdul Latif Al-Hadithi, and Vice Rector for Academic Development and Quality, Dr. Merzin Al-Shahrani, represented the university. This meeting took place at the main campus in Abha.

The purpose of the meeting was to discuss potential partnerships and joint ventures between King Khalid University and the Capital Market Authority. After welcoming the attendees, the Vice Rector pro tem said that the university was looking forward to a long-lasting and productive relationship with the government authority. He noted that the university’s academic programs and business acumen would help the Capital Market Authority fulfill its national goals and objectives. Then, Dr. Al-Hadithi provided an overview of the College of Business and its departments and academic majors.

A senior advisor to the Chairman of the Capital Market Authority, Ms. Lama Al-Adala, gave a brief presentation on the purposes and structure of the Capital Market Authority. She explained the importance of capital markets and the ways in which businesses and universities impact these markets. She stressed that there is a difference between the Capital Market Authority and Tadawul. That is in the fact the Capital Market Authority is considered a regulatory body, while Tadawul is an operational entity.

Ms. Lama explained one of the Capital Market Authority's greatest achievements was helping to open the Saudi markets to foreign investment. In addition to listing real estate investment funds and establishing the "Nomu" parallel market, the Kingdom launched the Aramco initial public offering, the largest ever in history.

Subsequently, Dean of the College of Business, Dr. Fayez bin Dhafrah, conducted an open meeting with the Chairman of the Authority. The parties agreed that the primary objective with respect to capital is to serve the country and its economy. The Authority focuses on attracting investment while ensuring that potential investors can have confidence in the transparency and stability of the markets. The presenters took questions from the audience. There was particular interest in the role of young people in domestic and foreign financial markets.

The meeting concluded with a ceremony in which the Chairman and his delegation took photos to memorialize the occasion.