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Saudi signs 6 agreements to propel Education, Investment and Sustainability

Saudi signs 6 agreements to propel Education, Investment and Sustainability

The third Saudi Capital Market Forum / Middle East Economy 

The Saudi Ministry of Human Resources and Social Development, along with the Saudi Exchange inked a groundbreaking cooperation agreement to unveil a Social Responsibility Index, aimed at assessing and advancing corporate social responsibility practices among listed companies. This initiative aligns seamlessly with national sustainability standards crafted by the Ministry of Economy and Planning, the Capital Market Authority and the Saudi Tadawul Group.

The signing event, held on the sidelines of the third Saudi Capital Market Forum, witnessed the culmination of five additional agreements covering key sectors such as education, investment, securities trading, sustainability and tree planting. Notable among these deals is a memorandum of understanding between the Saudi Tadawul Group and Atrum, aimed at fostering artistic initiatives, educational programs, and cultural exchanges within the Kingdom. This strategic alliance underscores a shared commitment to nurturing a vibrant and diverse artistic landscape in Saudi Arabia.

The Riyadh Capital and E Fund, a prominent Chinese asset management firm, joined forces to facilitate knowledge sharing on local investment expertise. Besides, the Saudi Capital Market, Muqassa, and Swiss cash management company Instimatch Global sealed an agreement to launch a Repo Trading Platform, ensuring secure and efficient transactions for market participants.

A significant collaboration was forged between Saudi Agricultural and Livestock Investment Co. and the Saudi Exchange to explore sustainability opportunities and enhance transparency in sustainability efforts through joint initiatives such as educational programs and awareness campaigns.

The signing session concluded with an impactful MoU between the Saudi Tadawul Group and Shatlat to spearhead forestation efforts in the Kingdom, aiming to address critical environmental challenges and promote sustainable practices. These initiatives underscore Saudi Arabia's steadfast commitment to sustainable development and innovation, setting the stage for transformative progress in key sectors aligned with Vision 2030 objectives.

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