16 Hrs
Source:
وكالة صدى نيوز
Saudi market reforms boost after Sudairi's appointment
The Saudi Capital Market Authority announced that it is expediting the implementation of new reforms to strengthen and regulate the financial markets. These include requiring companies to hold annual meetings to discuss profits and enhance transparency, as well as imposing restrictions on algorithmic trading and reducing risks associated with initial public offerings and fund investments. Additionally, it aims to develop compensation policies for board members and improve the quality of audits, with the goal of boosting confidence and liquidity in the local stock market. Expectations are that these reforms will significantly improve market conditions.
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