Syria will reopen its stock market on June 2, six months after trading was suspended.
The market will initially open for three days a week, finance minister Yisr Barnieh told the state news agency Sana.
He said necessary measures are being implemented to ensure compliance with anti-money laundering regulations.
Syria is seeking to attract foreign investment to repair its struggling economy after US President Donald Trump announced plans to lift sanctions during a visit to Riyadh this month.
Trump said he made the decision after discussions with Saudi Crown Prince Mohammed bin Salman and Turkish President Tayyip Erdogan, whose governments both strongly supported the move.
Work is underway to strengthen the capital market infrastructure, including the launch of a new trading system, clearing and electronic settlement and enhanced digital services.
Barniah said the government will conduct a comprehensive review of the existing financial legislation to bring it in line with global standards.
The Damascus Securities Exchange halted trading on December 5, 2024, to assess the operational and financing status of listed companies, Sana said.
The suspension came shortly before the ousting of former President Bashar Al-Assad by rebel forces.
This month Saudi Arabia and Qatar have between them repaid Syria’s $15.5 million outstanding debt to the World Bank.
Dubai’s DP World and the Syrian government have already signed a memorandum of understanding worth $800 million to develop Syria’s port of Tartous.
