The Saudi Securities Depository Centre Edaa, has published its first questionnaire in partnership with the Association of Global Custodians’ (AGC) Depository Information Gathering Project (DIGP) to aid foreign investors. 

 

Known as the ‘AGC Questionnaire’, the document will be a key repository of information for foreign investors. It will have information on Edaa’s roles as a Securities Depository Centre (SDC) and Settlement System (DSS), as well as have answers to questions on settlement, registry, safekeeping to ownership, capital, regulation, as well as audit. 

 

The questionnaire will be updated on an annual basis and will help members assess risk before entering the Saudi capital market.

 

Raed Alhumaid, CEO of Edaa, said: “As we continue to witness increased foreign participation in the Saudi capital market, it has become essential to increase transparency and align with global depositories around the world. Our participation in the Association of Global Custodians’ Depository Information Gathering Project is another step in strengthening our market and increasing its attractiveness among international investors. We will continue to participate in similar initiatives to further grow and develop the Saudi capital market.”-- TradeArabia News Service