Tawasul
Mubasher TV
Contact Us Advertising   العربية

Markets Regulations

Capital Market Authority - Riyadh, Saudi Arabia
20 January 05:39 PM CMA approves raising Mulkia REIT assets
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Mulkia Investment Company's request to increase Mulkia-Gulf Real Estate REIT Fund total assets value by issuing additional units. Mulkia-Gulf Real Estate REIT Fund is …
Trading will be effective on 19 January 2020
16 January 01:15 PM Abu Dhabi Aviation to open trading for foreigners
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company, listed on the Abu Dhabi Securities Exchange (ADX), on Thursday requested to open the trading on its shares for foreigners by a percentage not exceeding 30% of the share capital. The company further …
Photo Archive
16 January 11:01 AM Aldrees fined for selling adulterated petroleum products
Riyadh – Mubasher: The Saudi Ministry of Commerce and Industry has imposed a fine on Aldrees Petroleum and Transport Services Company. Aldrees has been fined for selling petroleum products that did not meet standards, in Taif city. The ruling will …
Saudi Stock Exchange (Tadawul)
15 January 05:27 PM Saudi CMA approves clearing center rules
Riyadh – Mubasher: The Saudi Securities Clearing Center Company (Muqassa) announced that the board of the Capital Market Authority (CMA) has approved the securities clearing centre rules and procedures. The rules regulate the clearing members …
FRA headquarters
15 January 04:41 PM Egypt’s FRA suspends three companies for 30 days
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has decided to suspend licences of three companies, according to a bourse statement released on Wednesday. The suspended companies included Ridge for Creation and Management of …
Saudi Stock Exchange
15 January 04:32 PM Saudi CMA approves derivatives trading rules
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that the Board of the Capital Market Authority (CMA) has approved rules for derivatives exchange trading and membership rules and procedures. The derivatives exchange trading and …
Capital Market Authority
14 January 04:59 PM Saudi CMA approves Muqassa as QCCP
Riyadh – Mubasher: The Saudi Capital Market Authority’s (CMA) Board of Commissioners issued its resolution to authorize Securities Clearing Center Company (Muqassa) to provide securities clearing services in the Kingdom. Moreover, the resolution …
Pioneers’ board approved FV studies conducted by Fincorp
14 January 04:47 PM Pioneers Holding denies impact of Fincorp suspension on acquisition deal
Cairo – Mubasher: Pioneers Holding Company for Financial Investment has announced that its offer to acquire 90% of five subsidiaries will not be affected by the suspension of the financial advisor Fincorp by the Financial Regulatory Authority …
Capital Market Authority
8 January 04:51 PM CMA approves securities central counterparties regulations
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the Securities Central Counterparties Regulations and amended the Glossary of Defined Terms Used in the Regulations and Rules of the CMA. The Regulations aim to regulate …
A short-term impact is not expected to last for long
7 January 01:04 PM Tax on sweetened drinks will not impact Saudi businesses - KPMG
Riyadh – Mubasher: Imposing a 50% excise tax on Sugar-Sweetened Beverages (SSBs) will have a short-term impact on the FMCG supply chain in Saudi Arabia, including manufacturers, wholesalers, retailers and the hospitality industry, according to …
Saudi Arabian Monetary Authority (SAMA)
6 January 12:50 PM SAMA renews AICC insurance license
Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) announced on Monday that it has received the Saudi Arabian Monetary Authority’s (SAMA) approval to renew its license. The license has been renewed in the fields of insurance, health …
Saudi Arabian Monetary Authority
26 December 2019 01:08 PM SAMA calls upon two insurance firms to resolve their situations
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has called upon two insurance companies to quickly correct their conditions within a period not exceeding 20 working days. Rowad Insurance Company of the Cooperative Insurance Agency …
Kuwait’s addition to the Index would add further diversification
19 December 2019 00:11 PM Kuwait’s inclusion to diversify further MSCI Emerging Market - Lieblich
Mubasher: Kuwait’s addition to the MSCI Emerging Market Index would add further diversification to the index with an estimated weight of 0.69%, the US index compiler’s equity index committee chairman Sebastien Lieblich said. The world’s biggest …
SAMA attributed the decision to failure to comply with regulatory requirements
12 December 2019 07:04 PM SAMA suspends 4 insurance firms
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has suspended four free companies from practising any activity in the insurance sector, These companies are Al Wafaa, Najm Altazzafor, Wathiqati, and Mazoon Al Namaa, according to a …
Saudi Stock Exchange
11 December 2019 02:07 PM Tadawul suspends trading of Thimar
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that trading the share of the National Agricultural Marketing Company (Thimar) will once again be suspended. This is due to the company not disclosing its financial statements for the …
Saudi Arabian Monetary Authority
11 December 2019 01:52 PM SAMA issues rules for microfinance firms
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has issued regulations governing microfinance companies, as part of its efforts to enhance financial inclusion. Rules set the minimum paid-up capital for a microfinancing company at …
Saudi Capital Market Authority
5 December 2019 05:23 PM CMA approves Anaam Holding capital reduction request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Anaam International Holding Group’s request to reduce capital from SAR 196 million to SAR 15 million. The capital cut will reduce the number of shares from 19.6 million …
Saudi Capital Market Authority
5 December 2019 11:17 AM CMA approves Ash-Sharqiyah capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Ash-Sharqiyah Development Company’s request to increase its capital from SAR 75 million to SAR 120 million. The capital hike will be through the issuance of 4.5 million …
Saudi Capital Market Authority
3 December 2019 06:05 PM National Building and Marketing fined for late financials
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has imposed a fine of SAR 20,000 on National Building and Marketing Company due to violating market rules. The company did not disclose its interim financial statements for the period …
Index capping for TASI will be applied with a threshold of 15%
2 December 2019 02:03 PM Tadawul announces updates on index methodology
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced on Monday that it has updated its indices methodology for the development and management of Tadawul equity indices. The updates include revisions in free float shares calculation …
Capital Market Authority
2 December 2019 11:08 AM Tabuk Agricultural seeks CMA approval for capital cut
Riyadh – Mubasher: Tabuk Agricultural Development Company filed a capital reduction request to the Saudi Capital Market Authority (CMA), according to a statement to the Saudi Stock Exchange (Tadawul). The company’s board of directors has recently …
The two firms signed a binding merger agreement in September
28 November 2019 01:12 PM Walaa, MetLife seek GAC’s approval of merger
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) announced that Walaa Cooperative Insurance Company and MetLife AIG ANB Cooperative Insurance Company has filed for economic concentration through a merger. Both companies are …
Americana Group's offer includes the purchase of 38.6 million shares
27 November 2019 02:55 PM Americana Group comments on FRA’s rejection of MTO
Cairo – Mubasher: Americana Group affirmed that the mandatory tender offer (MTO) it submitted for acquiring the remaining shares of the Egyptian Company for International Touristic Projects (Americana Egypt) is in line with the standards and …
The tax has already been applied on tobacco, soda and energy drinks.
26 November 2019 05:09 PM KSA to begin taxing sweet drinks in December
Riyadh – Mubasher: The Saudi General Authority of Zakat and Tax (GAZT) announced that it will apply a 50% selective tax on sweetened drinks, starting from 1 December 2019. From the beginning of next month, the tax will be applied in Saudi Arabia …
Saudi Arabian Monetary Authority
25 November 2019 10:14 AM Salama Cooperative Insurances receives SAMA’s instructions
Riyadh – Mubasher: Salama Cooperative Insurance Company announced on Monday that it has received a letter from the Saudi Arabian Monetary Authority (SAMA) regarding the decline of its financial solvency rate below the required level. The letter …