2021 Q2 Report En · Page 7

 
7  | 
Edaa Announces the Approval of International Central 
Securities Depositories Instructions and the Activation 
of the Linkage with the International Central Securities 
Depository “Clearstream” 
The Securities Depository Centre Company (Edaa) 
announces the issuance of the Capital Market Authority’s 
Board resolution approving the international central 
securities depositories instructions. 
These instructions regulate the linkage application 
process and its conditions, related Depository Centre 
accounts, and additional general provisions. Through 
these changes, Edaa aims to develop consistent 
regulatory environment with the international best 
practices and to raise the efficiency and attractiveness of 
the Capital Market towards foreign investors. 
The Securities Depository Center Company (Edaa) 
announces 
the 
activation 
of 
the 
linkage 
with 
Clearstream, the post-trading services provider of 
Deutsche Börse Group, to allow international investors to 
benefit from the services of the International Securities 
Depository Center (ICSD). 
Saudi Arabia Ranks First Worldwide in Government and 
Entrepreneurs Response to COVID-19 Pandemic, GEM 
Reports 
The Kingdom of Saudi Arabia ranked first worldwide in 
the government response to the Novel Coronavirus 
(COVID-19) and entrepreneurs’ response to COVID-19, 
while ranked 7th in entrepreneurial progress globally, 
according to the Global Entrepreneurship Monitor (GEM) 
report for 2020/2021. The report was issued in 
cooperation with Prince Mohammed bin Salman College 
of Business and Entrepreneurship (MBSC) and Babson 
Global Center for Entrepreneurial Leadership (BGCEL). 
Governor of the Small and Medium Enterprises General 
Authority (Monsha'at) Eng. Saleh Bin Ibrahim Al-Rasheed 
affirmed that this achievement reflects the tremendous 
impact of the Kingdom's Vision 2030 on small and medium 
enterprises and entrepreneurs. He added that the vision 
provided an ideal business environment characterized by 
flexibility and the ability to face challenges. 
According to GEM's report, the Kingdom has jumped to 1st 
place worldwide at the ease of starting-up business index 
after it was ranked 22nd. This jump reflects the essential 
reforms in the entrepreneurship environment to business 
start-up procedures. Also, the Kingdom ranked 1st at 
good opportunities to start a business in my area index up 
from 6th previously. 
After having been ranked 19t in the financial leadership 
index, the Kingdom jumped to 3rd place due to the 
increase of financing opportunities of all kinds for 
emerging companies in the local market. The Kingdom 
has jumped from 35th place to 2nd in the physical 
infrastructure index due to easy access to many services 
such as office spaces, commercial sites, the Internet, and 
public services. 
National 
Debt 
Management 
Center 
Wins 
Two
GlobalCapital Awards for Second Year Running 
The National Debt Management Center (NDMC) was 
awarded for the second time in a row the “Most
Impressive Emerging Market Issuer" and the “Most 
Impressive Middle East Sovereign Issuer" rewards at the 
2021 GlobalCapital Bond Awards. 
The awards come after the NDMC's swift response during 
the unprecedented levels of market and commodity 
fluctuations and the instability of the global economy, 
especially under the impact of the pandemic. The rapid
reaction is attributed to the Ministry of Finance and its 
commitment to implemented policies ensuring fiscal and 
economic stability