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Markets Regulations

Saudi Capital Market Authority
5 December 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 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 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 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 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 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 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 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 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 …
Khalid Abdullah Al Hussan, Chief Executive Officer (CEO) of Tadawul
24 November 02:28 PM Tadawul could launch derivatives market in 2020
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will announce the expected to launch a financial derivatives market before the end of 2019, said CEO Khalid Abdullah Al Hussan During an event organized by the Riyadh Chamber, Al Hussan said …
KAMCO’s logo
21 November 04:34 PM CMA approvers KAMCO’s merger with Global Investment House
Mubasher: Kuwait’s Capital Markets Authority (CMA) has approved the merger between KAMCO Investment and Global Investment House. KAMCO will disclose the financial impact of the merger following the exchange of shares, according to a bourse …
The company’s accumulated losses reached SAR 59.59 million
21 November 11:25 AM SAMA orders ACIG to raise statutory deposit
Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) announced that it has received a letter from the Saudi Arabian Monetary Authority (SAMA) obligating the company to increase the statutory deposit ratio to 15% of capital. This was …
The deal is expected to be completed early next year
19 November 06:31 PM Saudi competition authority permits Uber, Careem deal
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) released on Tuesday a report on the proposed acquisition by Uber to Careem. GAC found no reasons to oppose the deal, with a number of conditions for the new entity. The …
Saudi Stock Exchange (Tadawul)
18 November 03:32 PM Are foreigners allowed to buy Aramco shares in IPO?
Riyadh – Mubasher: Subscription of individuals and entities in the Saudi Arabian Oil Company’s (Saudi Aramco) intimal public offering (IPO) began on Sunday on 1.5% of the company’s share, with a price range set between SAR 30 and SAR 32 ($8-8.5). …
The raise is subject to approvals from relevant regulators
17 November 04:37 PM ADIB’s board proposes 40% higher limit on foreign ownership
Abu Dhabi - Mubasher: The board of Abu Dhabi Islamic Bank (ADIB) has submitted a recommendation to the shareholders’ general assembly to increase the maximum limit of non-UAE national's ownership of ADIB's shares to 40%.  Therefore, the clause No. …
Saudi Arabian Monetary Authority
14 November 10:01 AM SAMA updates actuarial regulations for insurance sector
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) announced updating actuarial regulations of insurance and reinsurance companies, according to a statement on Wednesday. SAMA called upon the general public and interested parties to …
Both companies are required to disclose their financials on 12 December
12 November 11:14 AM Tadawul suspends trading on Alujain, Thimar shares
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on the shares of Alujain Corp and National Agricultural Marketing Company (Thimar) on the back of not announcing their financial results for the third quarter of 2019.  …
Photo Archive
7 November 10:24 AM Kuwait’s CMA approves Sultan Center capital cut
Mubasher: The Kuwaiti Capital Markets Authority (CMA) has approved the capital reduction of Sultan Center Food to KWD KWD 28.941 million, according to a bourse filing on Thursday. The company’s board of directors previously recommended cutting the …
Alasmak’s board amended proposed hike to SAR 400m
6 November 09:11 AM Alasmak submits capital hike request to Saudi CMA
Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) has submitted a request for the increase of its capital by offering right issues to the Capital Markets Authority (CMA), according to a bourse statement released on Wednesday. Last month, …
The company will be suspended as per the Listing Rules for two business days
5 November 01:18 PM Tadawul sets fluctuation limits for Saudi Paper at SAR 23.52/shr
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has approved Saudi Paper Manufacturing Company’s  request for a capital reduction. Accordingly, the fluctuation limits for Saudi Paper will be based on a share price of SAR 23.52, according to …
Aramco’s prospectus will be published prior to the start of the subscription period
3 November 09:16 AM CMA approves Saudi Aramco’s IPO
Riyadh – Mubasher: The Capital Market Authority (CMA) has issued its resolution approving the Saudi Arabian Oil Company, Saudi Aramco, application for the registration and offering of part of its shares. Aramco’s prospectus will be published prior …
SICO will also manage sophisticated investor portfolios activities in the securities business
31 October 12:47 PM CMA licenses SICO Financial Saudi Company
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has issued its resolution to authorize SICO Financial Saudi Company to conduct managing private non-real-estate investment funds. According to the license, SICO will also manage …
Investors should carefully read the Terms and Conditions
21 October 09:24 AM CMA approves public offering of GIB Fund
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the public offering of "GIB Capital" of "GIB Opportunistic MENA Equity Fund". The authority noted that an Investment decision without reading the Terms and Conditions carefully or …
A company will be established to manage the EMX
20 October 06:14 PM Egypt finishes feasibility study of mercantile exchange
Cairo – Mubasher: The Egyptian Exchange (EGX) has finalised the feasibility study of the Egyptian Mercantile Exchange (EMX) to be established in the coming period.  A new company will be established to manage the EMX, with the EGX being the major …