[PIF GLOBAL ASSET MANAGEMENT FORUM]
THE EVOLVING SAUDI MARKET - A NEW FRONTIER FOR ASSET MANAGERS

The discussion centers on the evolving Saudi capital market and its impact on asset management. Abdul Majid Al-Hakbani highlights the growth in free float market cap, the number of listed companies, and improved market liquidity. Engineer Khalid Al-Hassan emphasizes the diversification and global integration of the Saudi capital market post-Vision 2030. The regulatory environment is evolving to broaden market access, deepen liquidity, and introduce alternative assets. Abdul Majid points out Saudi Arabia's prominent position in regional indices due to its size and liquidity. PIF plays a crucial role in supporting the asset management industry, attracting global managers and adopting GIPS standards. Engineer Khaled discusses technology adoption, including modernizing market infrastructure and FinTech integration. PIF balances maximizing returns with supporting Saudi capital market development, investing in both existing and new managers. Both speakers express commitment to the market's transformation, innovation, and partnership.