Al-Assaf: Kingdom's Economic, Financial Status Excellent

Published 6 Mar 2011
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Al-Assaf: Kingdom's Economic, Financial Status Excellent
Riyadh, SPA:
Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf emphasized that the economic and financial situation of the Kingdom of Saudi Arabia is very excellent and has not been affected by any repercussions that going on in the region, noting that high oil prices reinforce this situation.
He also said that the status of Saudi companies that rely on foreign markets or spending in the Kingdom is also excellent.
In an interview with Al Arabiya television broadcasted earlier yesterday, Dr. Al-Assaf said that the prices in the Saudi stock market are very good, urging
investors to build investment operations over the long term and look at the positive aspects of the economic situation within the Kingdom and Saudi companies.
He attributed the decline reasons of the Saudi Stock Market that lost more than 11% in one week to non-economic matters.

Last Modified Date: 10/02/2013 - 3:08 PM Saudi Arabia Time


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