Saudi CMA To Apply Governance Rules Gradually

Saudi Arabia’s market regulator has said corporate governance standards and requirements on Authorized Persons are to be applied gradually from the beginning of this year. The Capital Market Authority (CMA) said the move aims to raise the quality, transparency and disclosure levels in the securities business sector in order to create a suitable investing environment.

This decision completes the regulator’s gradual binding of the corporate governance regulations on authorized persons in addition to listed companies in the market, the CMA said.
This news has been reported by AMEinfo.