​The Capital Market Authority (CMA) received last week a visiting delegation from Riyadh Chamber of Commerce and Industry. The delegation held a meeting at CMA's headquarters with Vice Chairman of CMA board, Mr. Mohammed Elkuwaiz, with the presence of CMA board members, Mr. Wail Alkahtany, Dr. Tariq Alnaeem, and Dr. Abdulrahman Albarrak. The meeting was also attended by Mr. Rayed Bin Ahmed, Deputy of Listed Companies and Investment Products; Mr. Youssef Alblihid, Deputy of Legal and Enforcement Affairs; Mr. Ahmed Alrajeh, Deputy of Institutional Resources; and Mr. Khaled Alhomoud, Deputy of Strategic and International Affairs; as well as a number of CMA top employees.

The delegation of Riyadh Chamber was represented by Mr. Ahmed Alrajhi, Chairman of the Chamber's board, along with a number of the Chamber's Securities and Investment Committee members. During the meeting, related topics to the development of the capital market were discussed by Riyadh Chamber delegation. CMA Vice Chairman confirmed that the CMA is keen on receiving development proposals from government agencies and private sector into consideration. This is reflected in the fact that CMA presents all its implementing regulations to the public to receive inputs prior to their enforcement.

Additionally, the CMA Vice Chairman also confirmed that CMA doors are always open to the private sector to submit their proposals that could be positively reflect developments on the Saudi economy; particularly on the capital market, as being a key element in the national economy.

Mr. Elkuwaiz indicated that the CMA's keenness to communicate with the private sector to receive their viewpoints is in line with Saudi Arabia's 2030 Vision, in which the private sector plays a key role, along with CMA's role through the vision's aspect titled "Towards a Leading Economic Power".

At the end of the meeting, CMA Vice Chairman presented the Chairman of Riyadh Chamber of Commerce and Industry a memorial gift commemorating this occasion.