The Saudi Capital Markets Authority (CMA) is preparing a package of reforms to address a “striking” drop in traded stocks and the performance of newly listed companies, its chairman Mazen Al-Sudairi has said.
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Dubai Investments has set the final offer price for the flotation of its industrial and property development subsidiary, paving the way for the emirate’s first stock market listing of the year.
On Monday, Saudi Arabia’s Tadawul All Share Index rose by 0.45%, closing at 9,882.85 points, with around 199.8 million shares traded worth SR3.55 billion.
Saudi Arabia's Capital Market Authority (CMA) has approved new regulatory provisions aimed at improving initial public offering (IPO) practices, tightening book-building requirements, strengthening underwriters' responsibilities and requiring companies to…
Also reported by Arab News (opens in a new tab)
Saudi Arabia’s benchmark stock index, the Tadawul All Share Index (TASI), rose 0.35% to 9,873 points in early trading on Monday, gaining 34.87 points from its previous close of 9,838.
