Financial Sector Development Program (FSDP)
The Financial Sector Development Program is one of the executive programs launched by the Council of Economic and Development Affairs (CEDA) to achieve the objectives of Saudi Vision 2030. The FSDP is an important supporter of the national economic development movement through the development of the financial sector via a number of initiatives under three main pillars:
- Enabling financial institutions to support private sector growth.
- Developing and advanced capital market.
- Promoting and enabling financial planning.
The main partners of the FSDP are: (Ministry of Finance, Saudi Central Bank, and Capital Market Authority). The FSDP seeks to diversify the financial sector to support the development of the national economy, stimulate savings, finance and investment, and increase the efficiency of the financial sector to address and address the challenges.
CMA's Strategic Plan 2024-2026
Through its strategic plan, CMA seeks to achieve its vision of making the Saudi capital market a major source of financing and investment for developing the national economy, and one of the most important financial markets in the world.
CMA's Strategic Plan was built on three pillars; it includes nine strategic objectives which contain initiatives that seek to achieve a number of targets in the strategic plan through their implementation.
Pillars of the CMA's Strategic Plan 2024-2026:
- Activating the role of the capital market in financing and investment.
- Enabling the capital market ecosystem.
- Protection the rights of investors.
The first pillar aims to activate the role of the capital market in financing and investment by enhancing the role of the stock market in financing, developing the Sukuk and debt instruments market, enabling the growth of the asset management industry, and enhancing capital market services to attract more international investments.
The second pillar aims to enable the financial market ecosystem, by supporting and enabling market institutions, and supporting FinTech in the financial sector.
The third pillar aims to protect the rights of investors by enhancing the level of transparency and supervision, facilitating means of compensation, and enhancing mechanisms for dealing with qualitative issues and enhancing the effectiveness of deterrence.
This document reviews the most important objectives and initiatives of the Capital Market Authority's strategic plan:
Capital Market Authority Strategic Plan 2024-2026