How developed is fixed income money market securities market in riyadh?

Question

How developed is fixed income money market securities market in riyadh?

Answer 1

The only market people know is the stock market.

Bonds are dealt with between the government and banks, directly. Individuals do not have access to such markets. They do have access to some mutual funds that deal with international bonds and low risk securities.

However, theres no market where, bonds for instance, are traded by individuals.

Islamic Sukok/bonds issued by companies that want to raise money without increasing capital, are increasingly becoming popular.

Answer 2

hmmmm....wait wait......huuh?