Capital Market Authority Saudi

M 30 dated 2 6 1424h 31 7 2003 was issued to create a transparent fair and regulated market that keeps pace with the current developments in other international financial markets.

Capital market authority saudi. M 30 dated 2 6 1424h which formally brought the capital market authority cma into existence. The current capital market law is promulgated and pursuant to royal decree no. Accordingly the number of shares will be reduced. The capital market law pursuant to royal decree no.

Saudi arabia s capital market authority cma has approved a request by zain ksa to reduce its capital to sar 4 49 billion from sar 5 84 billion. M 30 dated 2 6 1424h which formally brought it into existence. هيئة السوق المالية is the saudi governments financial regulatory authority responsible for capital markets in saudi arabia. The current capital market law is promulgated and pursuant to royal decree no.

The capital market authority of saudi arabia cma arabic. The cma is a government organization applying full financial legal and administrative independence and has direct links with the prime minister. Or shares issued in the kingdom and its issuer has made the necessary. The capital market law articles are formulated to regulate and develop the capital market regulate the issuance of securities and supervise its transactions as well as supervising authorized persons licensed by cma.

The capital market authority is keen on providing professional qualified cadres to work in the securities industry in the saudi capital market. Riyadh the capital market authority cma board approved the instructions on issuing depositary receipts out of the kingdom which aim to set out the regulatory framework for the issuance of depository receipts out of the kingdom of saudi arabia for shares issued in the kingdom and listed in the saudi stock exchange. M 30 dated 2 6 1424h 31 7 2003 was issued to create a transparent fair and regulated market that keeps pace with the current developments in other international financial markets. The capital market authority cma in saudi arabia unofficially started in the early fifties and continued to operate successfully until the government set its basic regulations in the eighties.

The capital market authority announces the issuance of a cma board resolution to impose a fine of 80 000 eighty thousand saudi riyals on eastern development co. Capital market authority cma riyadh saudi arabia ots prnewswire the capital market authority cma board approved the instructions on issuing depositary receipts out of the kingdom. 03 09 2020 an announcement regarding carrying on the securities business by unauthorised. The capital market law articles are formulated to regulate and develop the capital market regulate the issuance of securities and supervise its transactions as well as supervising authorized persons licensed by cma.

The capital market in saudi arabia unofficially started in the early fifties and continued to operate successfully until the government set its basic regulations in the eighties.