The Saudi Stock Exchange has selected HSBC Saudi Arabia to advise on its own planned flotation scheduled for 2018, the exchange, known as Tadawul, said in a statement.
"The appointment of a financial adviser is an important m
Shares in five listed Saudi Arabian companies will not be open to investment by foreigners when the market permits direct stock purchases by foreign institutions this month, according to the stock exchange's website.
As Saudi Arabian authorities prepare to open the stock market to direct foreign investment this month, they're laying plans for a fresh set of reforms: measures to expand and energise the corporate debt market.
As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia'
Saudi Stock Exchange, the Middle East's largest bourse that is planning to go public, reported a 37 per cent drop in 2013 net profit, its first ever financial disclosure showed on Tuesday.
The exchange, commonly known as Tadaw
Saudi Arabia's stock exchange introduced on Sunday a new method for calculating the closing prices of traded shares, to limit excessive speculation and manipulation in the Gulf Arab region's largest stock market.
Turnover on Saudi Arabia's bourse hit a five-year peak on Sunday as money poured in with stocks hitting a new three-and-a-half year high.
The benchmark of the Saudi bourse, the largest in the Arab world, climbed 0.2 per cent to its hig
Saudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank's head of Mena equities said, a move which would allow international capital to own shares outright on the Middle East's largest bourse for the first time.
Saudi Integrated Telecom Company (SITC) will list on Saudi Arabia's stock market on June 28, the kingdom's regulator said on Wednesday.
The fixed line provider raised $80 million in an initial public offering (IPO) in May, the first in Sau
Saudi Arabia's stock exchange is in talks with several index providers, including influential index compiler MSCI, to become one of its component, the president of the Saudi Capital Market Authority (CMA) said.
"The kingdom is eligible to