00:00 At the moment, we see a big growth in the Saudi market during the last phase, and maybe the expectations are that the market will see more strength and more companies in the future.
00:15 Despite the slowdown in the markets due to the unfavorable conditions and the increase in interest rates, the future outlook for the Saudi market may be greater during the next phase, according to Goldman Sachs' expectations,
00:32 regarding the Saudi stocks' weight in the MSCI index during the next phase. The weight of the Middle East and North Africa markets is 10% in the MSCI index, compared to the emerging markets.
00:45 Saudi Arabia alone has 70% of this weight in the Middle East and North Africa markets. The expected foreign currency exchanges for the Saudi market are about 50 billion dollars.
00:58 There were international statements by the head of the exchange group, which said that foreigners have lost many of the profits that they were supposed to gain with the increase in the Saudi market,
01:11 and that the market is accepting and has made many adjustments and many details to attract more liquidity. We have seen the launch of future contracts as part of the attempts to attract foreigners to some other kind of trading in the Saudi market.
01:29 We have seen that according to the current classification and order, Saudi Arabia is the sixth largest market in terms of weight in the MSCI index for emerging markets.
01:39 Of course, China is the largest in the MSCI index. 25% of the weight of the MSCI index is in China, followed by India, Taiwan, South Korea, Brazil, and then Saudi Arabia with 4.4%
01:52 The Saudi market is expected to grow to $336 billion, with about 60 applications for a market in the coming period.
