Syrian Finance Minister Mohammad Yassar Baranieh officially announced the reopening of the Damascus Securities Exchange after a six-month suspension. The announcement was made during a high-level ceremony attended by a wide range of economic figures, investors, and traders.
اضافة اعلان
Trading had been suspended since December 5, 2024, due to the need to reassess the operational and financial status of listed companies, ensure full disclosure of damages and losses, and mitigate risks of market manipulation and capital flight.
During the ceremony, Minister Baranieh stated: “The reopening of the Damascus Securities Exchange sends a message that the Syrian economy is beginning to move and recover.” He added that the exchange would operate as a private company and a central hub for developing Syria’s economy, emphasizing plans to embrace digital advancements.
Baranieh noted that Syria’s economic vision is based on justice, fairness, private sector leadership, and investment attraction. He affirmed the government’s commitment to facilitating business operations and highlighted the existence of promising investment opportunities.
Dr. Basel Asaad, CEO of the Damascus Securities Exchange, described the reopening as a historic day for Syria. “We are ready to resume our role in the coming period, and investments will be larger and more expansive in the new Syria,” he said. Despite limited resources, the exchange has fulfilled its responsibilities with transparency and safeguarded investors' rights, he added.
Dr. Abdul Razzaq Al-Qassem, Chairman of the Board of Commissioners of the Securities and Financial Markets Authority, stated that the resumption of trading marks a new chapter in Syria’s financial sector. He expressed optimism that, following the lifting of sanctions and increased international investment, Syria would become fertile ground for economic opportunities.
Fadi Jleilati, Chairman of the Damascus Securities Exchange Board, emphasized that Syria is on the threshold of a new economic era. “The Damascus Securities Exchange will not just be a platform for trading stocks and bonds; it will play an active role in reconstruction, economic growth, attracting both local and international investments, stabilizing the national currency, and integrating Syria's economy with global markets,” he concluded.
