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
Saudi Basic Industries Corporation (SABIC) has partnered with DuPont Sustainable[...]
The Dow Chemical Company announced that it will build a[...]
January 14, 2017 – Aramco Services Company, a subsidiary of[...]