Saudi SEC: Operations and Chairman's Role

The article explains that the Saudi Capital Market Authority is the regulatory and supervisory body for the stock market; it is not responsible for managing prices or making investment decisions. Its primary functions are to set rules, monitor compliance, protect investors, and promote transparency and efficiency. The Authority oversees the issuance of securities, supervises disclosures, and combats unfair practices. It also has the authority to investigate and investigate violations and resolves disputes through a specialized committee. Its role in the market is limited to regulation and supervision, while trading operations are carried out by companies and operational platforms. It is noted that the Authority’s Council, consisting of five members appointed by the King, determines policies, oversees activities, and is chaired by the President of the Council, who also manages the Authority. The Council’s committees perform specialized roles such as human resources, digital transformation, and internal audit to promote separation of responsibilities and reinforce the principle of internal control. The article clarifies that market regulation does not determine price directions but provides fair rules and enhances trust. Prices are ultimately established based on investors' decisions and their evaluation of returns and risks.

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