30/6/2025–|Last update: 15:46 (Mecca time)
Finance Minister Mohamed Youser Burniyah announced in a post through his account on the “Linkedin” platform today, Monday, the launch of a comprehensive development plan targeting a market Damascus For securities, it includes updating the technical and legislative structure and increasing the number of weekly trading days.
The minister pointed out that it was agreed during a meeting of those concerned in the ministry to increase the number of trading days from three to five days per week as of next July, in a move aimed at raising the pace of transactions and expanding the base of the participants in the market.
Burniyah pointed out that the General Assembly will be invited to convene next September for the purpose of electing a new board of directors, in preparation for launching a new stage of modernization and development.
He added that the new plan that is being prepared to launch during the next few weeks will focus on strengthening the side of the supply in the market, by encouraging the inclusion of family companies, private universities and other economic institutions within a more flexible and attractive legislative environment.
The plan also includes the introduction of new financial and investment tools and services that stimulate the aspect of the demand and stimulate trading.
The scope of reforms extends to the review of laws and legislation regulating the work of the market, in parallel with the implementation of a comprehensive technical update that includes trading and clearing systems to the full digital transformation in providing financial services, in addition to raising the level of financial awareness.
The Minister concluded his statement by emphasizing his commitment to achieving a qualitative shift in the market work and providing all the requirements for development, in a way that contributes to raising its efficiency and increasing its contribution to supporting the national economy.
The market was reopened Damascus For securities on the second of this month, after a hiatus of about 6 months, in the presence of a high official and wide participation of economic personalities, investors and merchants.
Then, Fadi Jalilati, Chairman of the Damascus Securities Market, said: Today we stand in front of the threshold of a new stage in our economic history, and a new start towards a bright economy that will restore Syria as a pioneering financial and commercial center between the countries of the region.
Jalilati stressed that the Damascus Securities Market will not be merely a platform for trading stocks and bonds, but rather will have an active role in reconstruction And economic growth He attracted local and international investments, and will also contribute to the stability of the national currency and link the Syrian economy to global economies.
As for the Executive Director of the Market, Basil Asaad, he said at the time: The opening of the Damascus market is an important historic day for Syria, and we are ready to return and practice our role during the coming period, as the investments will be larger and broader in the new Syria.