Sectors

Banking/Finance

BANKING AND FINANCE

HSBC, RBS to Discuss Potential Merger to Create 3rd Largest Lender in Saudi Arabia

The IMF says the steep fall in oil prices is likely to dampen growth in Saudi Arabia.
For sale stakes in two Saudi banks pose risks and opportunities for buyers as Saudi Arabia pushes forward with massive economic and social reform plans.

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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