Sectors

Banking/Finance

DEBT CAPITAL

Saudi, Qatar Bond Issues Get Cozy; Both Oversubscribed

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman and Qatar's Sheikh Tamim bin Hamad Al Thani.
Saudi Arabia beat out regional rival Qatar's first bond issuance since the Gulf crisis began with its own "surprise" $11 billion raise, which drew $52 billion of orders this week, according to reports.

SAUDI CAPITAL MARKET AUTHORITY

Saudi CMA Presses on Adoption of International Financial Reporting Standards

CMA
According to the Saudi Gazette, the CMA has laid out the specific time-frame and requirements for all companies listed on the Tadawul to disclose their adoption of International Financial Reporting Standards. The deadline is January 1, 2017.
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