Markets Regulations

(Photo Credit: Arabianeye-Reuters)
26 March 12:10 PM Kuwaiti CMA cancels Educational Holding’s withdrawal from bourse
Kuwait – Mubasher: Educational Holding Group on Sunday said it has received a written note from the Kuwaiti Capital Market Authority (CMA), which entails cancelling the company’s shareholder decision for a voluntary withdrawal from the bourse. On …
Photo Credit: Arabianeye-Reuters
25 March 04:28 PM Egypt to resume Brazilian meat imports after temporary ban
Cairo - Mubasher: The Egyptian ministry of agriculture and land reclamation announced on Saturday that it has decided to resume meat and poultry imports from Brazilian accredited slaughterhouses. The ministry added in a statement that imports will …
Photo Credit: Arabianeye-Reuters
24 March 03:34 PM Ministry proposes stamp duty, income tax laws
Cairo – Mubasher: The Egyptian finance ministry finalised the project proposal of amending article of the laws set for both stamp duty and income tax, following the extension of a freeze on a capital gains tax for three years that will mature on …
(Photo archive)
23 March 10:14 AM CMA gives nod to Herfy capital hike
Riyadh – Mubasher: The Saudi Capital Markets Authority (CMA) approved Herfy Food Services Co's capital increase request. The capital will be raised from SAR 462 million to SAR 646 million, through bonus shares of 2:5, according to a bourse filing …
Ministry Saudi
23 March 09:47 AM Saudi Arabia to allow expats to invest in free trade
Riyadh - Decypha: The government of Saudi Arabia is considering allowing expatriates to invest in free trade in return of an annual income tax of about 20%, reported Saudi Gazzette. Saudi Ministry of Trade and Investment is planning to modify …
Source: Getty Images
22 March 04:05 PM Egypt’s Cabinet approves stamp on duty stock exchange
Cairo – Decypha: Egypt's cabinet has approved a stamp duty on stock exchange transactions, as well as an extension of a freeze on a capital gains tax for an additional three years starting 17th of May 2017, reported state news agency MENA …
(Photo archive)
22 March 08:40 AM Tadawul qualified to join global indices – El-Kuwaiz
By: Mohamed Idris Riyadh – Mubasher: The Saudi market is qualified to join global indices after achieving several qualifying factors, Mohammed El-Kuwaiz, vice chairman of the country's Capital Market Authority (CMA), said. El-Kuwaiz added that …
Photo Credit: Arabianeye-Reuters
21 March 06:46 PM New corporate governance standards in KSA help transparency - Report
Riyadh - Mubasher: The Saudi Capital Markets Authority (CMA) has recently approved an updated set of corporate governance regulations (CGR) which will come into effect mid-April 2017. These are significantly more detailed than the existing set of …
KSA
21 March 02:27 PM Saudi Arabia to tighten restrictions on foreign labor
Riyadh – Decypha: Saudi Arabia is working on issuing a new policy to further tighten restrictions on employment of foreign workers, the concept of which is to pressure companies into hiring more locals, government sources told Arabian Business. …
Source: Invest Gate
21 March 12:28 PM Egypt’s TDA to price land in EGP instead of USD
Cairo – Decypha: Egypt’s Tourism development agency (TDA) has announced its decision to price land offered for investment in Egyptian pounds (EGP), instead of US dollars, Chairman of TDA Serag El Din Saad told Al Mal newspaper. Previously land was …
The Egyptian Exchange - (Photo Credit: Arabianeye-Reuters)
20 March 05:13 PM Applying stamp duty to bonds, M&A is no surprise to Egyptian market
Cairo - Mubasher: A number of stock markets and brokerage experts in the Egyptian market said that it is normal for the stamp duty tax to be applied on stocks, bonds, as well as over-the-counter mergers and acquisitions (M&A). However, some …
(Photo credit: Arabianeye - Reuters)
20 March 11:40 AM CMA suspends trading on Solidarity shares upon its request
Riyadh – Mubasher: Saudi Capital Market Authority (CMA) announced the suspension of trading the shares of Solidarity Saudi Takaful starting from 11:00am until 01:00pm on Monday. The suspension comes as per the company's request as it will announce …
Photo Credit: Arabianeye-Reuters
15 March 02:20 PM EFSA exempts Americana from Cairo Poultry MTO
Cairo - Mubasher: The Egyptian Financial Supervisory Authority (EFSA) has approved exempting Americana Group from presenting a mandatory tender offer (MTO) for the purchase of 2.9 million shares in Cairo Poultry owned by Egyptian Canning Company. …
OTMT headquarters in Cairo (Photo Credit: Company website)
15 March 11:54 AM EFSA reconciles with OTMT major shareholder
Cairo – Mubasher: Orascom Telecom Media and Technology Holding (OTMT) on Wednesday said that the Egyptian Financial Supervisory Authority (EFSA) has approved an application by OTMT Acquisition to “exempt” it from presenting a mandatory tender …
(Photo Credit: Arabianeye-Reuters)
14 March 03:45 PM CMA gives nod to SISCO capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Saudi Industrial Services Co's (SISCO) request to increase its capital from SAR 680 million to SAR 816 million. The capital hike will be through bonus shares of 1:5 shares owned by …
(Photo Credit: Arabianeye-Reuters)
14 March 10:39 AM CMA OKs Al Asmak capital cut to SAR 200m
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Saudi Fisheries Co’s (Al Asmak) request to decrease its capital from SAR 535.4 million to SAR 200 million. Subsequently, the number of shares will be reduced from 53.5 million shares …
(Photo Credit: Arabianeye-Reuters)
14 March 10:18 AM Tadawul, JPX ink MoU on Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) signed a memorandum of understanding (MoU) with the Japan Exchange Group, Inc. (JPX) on Tuesday in Tokyo. The agreement aims to formalise and develop further cooperation between the two …
(Photo Credit: Arabianeye-Reuters)
13 March 04:38 PM CMA OKs Al Baha capital hike to SAR 295m
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the prospectus associated with Al Baha Investment and Development Company’s request to increase its capital from SAR 150 million to SAR 295 million. The capital hike will be through …
(Photo Credit: Arabianeye-Reuters)
13 March 03:04 PM KSA studies listing Aramco on TSE
Riyadh – Mubasher: Saudi Arabia's King Salman said that the Kingdom will “look into” Japan's prime minister Shinzo Abe’s request of listing Saudi Aramco's shares on the Tokyo Stock Exchange (TSE), according to Reuters on Monday. The King added …
(Photo Credit: Company website)
13 March 10:44 AM Armas Ltd to offer shares on Nomu
Riyadh – Mubasher: Armas Co. Ltd hired Musharaka Capital Company as the financial advisor for the offering and listing of its shares on the Saudi Nomu-Parallel Market. The company said that it will contact qualified investors to invest in the …
(Photo archive)
13 March 09:44 AM Trading on Amana’s shares suspended on losses cut
Riyadh – Mubasher: The Capital Market Authority (CMA) suspended trading on Amana Cooperative Insurance Company’s shares for two hours. The suspension will be on the opening session of Monday, while “orders maintenance” will start from 11:30am KSA …
(Photo Credit: Arabianeye-Reuters)
12 March 10:12 AM Tadawul changes Al Ahlia status as losses fall below 50%
Riyadh - Mubasher: Al Ahlia Cooperative Insurance said that the Saudi Stock Exchange (Tadawul) will remove the accumulated losses flag mark from the exchange website. The step came after the company reduced its accumulated losses by 50% of its …
A total of 80 companies are listed with a market value of $9 billion (Photo Credit: Press Release)
9 March 01:25 PM Nasdaq Dubai, Bourse de Tunis ink MoU
Dubai – Mubasher: Nasdaq Dubai have signed a memorandum of understanding (MoU) with Bourse de Tunis to explore potential opportunities for collaboration, according to a statement. Under the agreement, both bourses will consider ways to promote …
(Photo Credit: Arabianeye-Reuters)
9 March 01:13 PM Bank AlJazira shares suspended ahead of major news
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Thursday decided to suspend Bank AlJazira’s shares starting 12:55pm Saudi time, upon request by the company. This step was taken due to a notification by the company that it will make …
The Egyptian Exchange (Photo credit: Mubasher)
9 March 12:52 PM EGX cancels transactions on National Maize Products
Cairo – Mubasher: The Egyptian Exchange (EGX) said Thursday that it has cancelled all transactions on the National Company for Maize Products’ stock. Trading on the stock resumed at 11:20am Cairo time with a reference price of EGP 12.21, according …