His Excellency the Minister of Finance Holds a Meeting with his British Counterpart

His Excellency the Minister of Finance Holds a Meeting with his British CounterpartThe agreements' ceremonies were attended by H.E Abdulaziz AlFuraih, Chairman of the Steering Committee at the Ministry of Finance, and the CEO of the National Debt Management Center, Hani Almedaini, in addition to the representatives of the financial institutions, confirming the role of the National Debt Management Center in enhancing access to local debt markets through diversifying investors base to ensure sustainable access to the secondary market and to support its development.

And Signs an MoU to Enhance Cooperation and Exchange of ExperiencesOn this occasion, H.E the Minister of Finance noted that these agreements are a continuation of the developmental steps taken towards achieving Vision 2030 objectives under the umbrella of the Financial Sector Development Program. This is primarily achieved through cooperation between relevant entities to develop the infrastructure of the local debt market and increase the liquidity of the government's local debt instruments by attracting more capital from foreign investors. This is in addition to enabling primary dealers and market participants to play their roles in providing appropriate tools.
His Excellency the Minister of Finance, Mohammed Aljadaan, held a meeting with the Chancellor of the Exchequer, the Right Honorable Jeremy Hunt, at the British capital, on Tuesday, December 20, 2022.
It is noteworthy that applications for subscription in the primary market for the government's local debt instruments are submitted to the National Debt Management Center through the appointed primary dealers on a scheduled monthly basis where these dealers receive the applications submitted by investors.
The meeting discussed bilateral relations and aligned them with major global economic issues that include the ones raised during the G20, IMF and the World Bank Group. Both ministers also discussed the promising outlook of the Saudi economy.


The meeting witnessed the signing ceremony of a memorandum of understanding between the two sides that aims to highlight opportunities, exchange experiences, and enhance cooperation between the two countries in the fields of financial development and public finance services.
During his two-day visitto the United Kingdom, His Excellency, Aljadaan met with the Minister of Investment, Lord Johnson, and discussed ways to enhance relations and cooperation in financial services between the two countries. Through the courtesy of the Saudi-British Joint Business Council, the minister also met with interested investors and CEOs and reviewed the promising outlook of the Saudi economy, and the Kingdom's ongoing plans for economic and financial reforms within the framework of Saudi Vision 2030.
His Excellency Aljadaan also held a meeting with the Lord Mayor of London, Nicholas Lyons, and reviewed public-private partnerships in the Kingdom with him. The two also discussed the opportunities within Privatization Program and the Saudi Partnership. Later, His Excellency met with representatives of companies interested in the rapid growth of privatization opportunities and public-private partnerships in the Kingdom.​