19 Hrs
Source:
الاقتصادية
Al-Sudairi Plans 90-Day Market Reforms
The Saudi Capital Market Authority plans to develop an executive implementation plan to launch reforms within 90 days aimed at addressing structural challenges affecting the performance of the stock market. The reforms include improving the quality of offerings and initial public offerings (IPOs), increasing retail investor participation to 30%, enhancing transparency in listing procedures, as well as regulating algorithmic trading and monitoring the activities of foreign investors. The authority aspires to transform the market into a platform that reflects the strength of the Saudi economy and serves as a catalyst for saving and investment, with a focus on building trust and improving market efficiency in a short period.
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