According to the Islamic doctrines in finance and business, paying or charging interest is prohibited. Further speculation and excessive risk-taking are not allowed. Companies complying with Islamic finance principles avoid investing in business fields such as producing and selling pork and alcoholic products. On the other side, investments according to Islamic finance principles encourage the sharing of profits and losses either through a partnership and joint venture or through a leasing agreement.
Besides Islamic finance and banking, Saudi Arabia was a major player in the region for the stock market. The Saudi Arabian Stock Exchange led in terms of traded share value in the Middle East right behind Borsa Istanbul. With 107 initial public offerings in 2016, Saudi Arabia was the leading country amongst all Gulf Cooperation Council countries. The highly anticipated IPO of the state-run oil company Saudi Aramco came through at the end of 2019, making it the world's largest public company. The company sold 1.5 percent of its shares (about three billion) in the Saudi stock exchange, valuing the entire company at 1.7 trillion U.S. dollars.
In terms of dividend payout in the Gulf Cooperation Council region, Kuwait led right ahead of Saudi Arabia. In terms of share of the market value of outstanding conventional and Islamic Sukuk bond insurances, Saudi Arabia was ranked third in the Gulf region right behind the United Arab Emirates and Qatar.
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In the following 4 chapters, you will quickly find the 20 most important statistics relating to "Financial landscape of Saudi Arabia".