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.
Sharif Atta of SQM Investment Management speaks with SUSTG's Richard Wilson on the opening of the Tadawul, or Saudi Stock Market, to wider foreign investment this Spring. The conversation is part of SUSTG and SUSRIS' ongoing #FocusKSA discussions on Saudi Arabia.
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today.
Saudi Arabia's National Commercial Bank is set to issue an IPO in October that might raise as much as $4.3 billion, which would be the second largest of 2014 behind China's Alibaba Group Holding Ltd., Bloomberg's Matthew Martin reports.
Most think the opening of the market will be great for investors and provide extra liquidity and capital into the market, but the Saudi government is proceeding cautiously. Here are 5 things you should know about the announcement and its impact.