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Al-Sudairi outlines 90-day reform plan
The head of the Saudi Capital Market Authority, Mazen Al-Sudairi, revealed that a comprehensive reform plan is being prepared to be implemented within 90 days to address the structural challenges affecting the performance of the Saudi market. The reforms include enhancing the quality of initial public offerings, increasing retail investor participation to 30%, regulating algorithmic trading, and establishing rules for short selling. He emphasized that the goal is to boost confidence in the market, improve its efficiency, and develop corporate governance, with a focus on balancing regulations to ensure investor protection and achieve positive economic outcomes for the market.
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