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The Capital Market Authority (CMA) of Saudi Arabia has validated that capital increase by $4 billion of the country’s largest company Aramco through the issuance of bonus shares, Zawya reports. The CMA, media reports, has issued its resolution approving Saudi Read more
Sukuk (Islamic bond) issuance would soon be back in the Kuwaiti financial market after the Capital Markets Authority (CMA), country’s financial regulator, issued rules to govern it this week. The practice had dropped significantly in the country because there were Read more
The regulator of the Saudi Arabian stock market has announced the rules that will be governing the much awaited opening of kingdom’s stock market to foreign investors. Among the limitations of the $575 billion bourse is that foreign investors will Read more
Sources familiar with the opening of Saudi Arabia’s stock exchange market to Foreign Investors dossier have hinted that it is scheduled for April 2015. Saudi Arabia has one of the most restricted stock exchange markets that foreign investors have long Read more
Saudi Arabia’s Capital Market Authority (CMA) Chairman, Mohammed bin Abdulmalik Al-Sheikh, said they are working on the final stages of a regulatory framework which will give opportunity to foreigners to own stocks in the kingdom. The move is geared towards Read more