https://arab.news/9qygm
- Comprehensive development plan will be launched, says finance minister
- Exchange will hold general assembly meeting in September to elect new board
JEDDAH: Syria is set to expand stock market trading to five days a week starting in July, part of a broader push to modernize its exchange and attract more investors, officials said.
Finance Minister Mohammad Yasser Barnieh said the Damascus Securities Exchange will implement a development plan aimed at boosting market activity and listings, according to the official Syrian Arab News Agency.
Barnieh announced in a LinkedIn post that the exchange will hold a general assembly meeting in September to elect a new board of directors.
The SANA report stated the minister explained that, in collaboration with the new board, the Capital Market Authority, and specialized experts, a comprehensive development plan will be launched.
The report added: “This plan aims to expand the supply side of securities and create favorable conditions for the listing of more family-owned businesses, private universities, and other companies and institutions.”
Finance Minister Mohammad Yasser Barnieh said the Damascus Securities Exchange will implement a development plan to boost market activity and listings. File/SANA
The minister also noted that the plan involves introducing new financial instruments and investment services aimed at stimulating market demand.
The exchange resumed trading on June 2 after a six-month suspension, with the reopening attended by government officials and key players in the financial sector.
In an earlier statement, Barnieh said the exchange would operate as a private company and become a key platform for Syria’s economic development with a focus on digital transformation.
The planned reforms come as the country looks to revive its battered economy and rebuild investor confidence after years of conflict, sanctions, and financial isolation.
The government is seeking to modernize capital markets as part of wider efforts to attract private investment and stimulate post-war reconstruction.