The Capital Market Authority’s (CMA) Chairman, Mr. Mohammed El Kuwaiz, has announced that foreign investors will now be permitted to partake in a portion of the Kingdom’s stock market. Starting in January of 2018, investors will have access to Saudi-based initial public offerings (IPO) and the NOMU parallel market, a secondary equity market designed to help small and medium-sized companies. The announcement is a part of CMA’s efforts to open up its capital market and meet the goals of Vision 2030.
You also might be interested in
Abdullah Al-Juffali, Country President, Honeywell Saudi Arabia and Bahrain Mr. Al-Juffali discussed Honeywell’s current and future projects in the Kingdom, their role in transforming Saudi Arabia into a development hub for smart cities and the technologies of the future, their support for technology transfer and localization, and the importance of U.S.-Saudi partnerships such as Honeywell’s.
The King Abdullah Petroleum Studies and Research Centre’s (KAPSARC) headquarters[...]
Key Contracts Awards for January 2018 The total value of[...]