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الاقتصادية
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Al-Sudairy Plans 90-Day Market Reforms
The Chairman of the Saudi Capital Market Authority, Mazen Al-Sudairi, announced the preparation of an executive action plan that will include reforms within 90 days to address structural challenges affecting the performance of the Saudi stock market. The reforms encompass enhancing the participation of individual investors, improving the quality of initial public offerings, reorganizing the responsibilities of parties involved in IPOs, and reducing reliance on non-genuine orders, with a focus on improving stock performance post-listing. The plan also involves developing trading regulations for algorithms and preventing unregulated short-selling practices. Additionally, discussions will be held regarding the ownership ratios of foreign investors, with the aim of transforming the market into an investment and developmental platform that reflects the strength of the national economy and provides savings opportunities for citizens.
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