Saudi Capital Market Authority functions and Chairman's role
The article explains the role of the Saudi Capital Market Authority in regulating and supervising the stock market, rather than managing it or setting its prices. Its responsibilities include establishing rules, monitoring compliance, regulating the issuance of securities, disclosure, and combating unfair practices, all while maintaining financial and administrative independence. The Board of Directors, led by the Chairman, makes decisions and organizes work, while responsibilities are distributed among specialized committees. The authority does not directly intervene in trading operations or determine market directions. The article emphasizes that stock movements are influenced by company performance, expectations, and risks, and that market regulation aims to improve efficiency and transparency. However, it does not directly steer the market or set stock prices.
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