Nomura, a global investment bank, has been authorised by the Saudi Arabian Capital Markets Authority (CMA) to offer international institutional investors access to the Saudi stock market (Tadawul).
Nomura, in accordance with CMA guideline
The talks of Saudi Arabian stock market opening to foreign investment has stirred hopes as Gulf stock markets languish in low turnover.
Saudi Arabia has been considering a wider opening of its market, the big
Saudi Arabia's financial regulator has fined state-controlled Saudi Telecoms Co (STC) for violating stock market disclosure rules, the regulator said on Sunday.
STC was fined 100,000 riyals ($26,670) for failing to disclose stock option pr
Saudi Arabia's stock market regulator said on Sunday it had approved six initial public offerings (IPOs) for the period until October, the first of which will be for Saudi Steel Pipes (SSP) in June.
The IPOs will be the first since Apr
Saudi Arabia's stock market, the largest in the Arab world, posted its biggest drop on record as Saudi stocks retreat in response to a global equity rout and concerns over future earnings of the country's largest firm.
The index slid 9.67