Saudi bourse hires ex CMA exec Ghamdi as CEO

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The Saudi stock exchange, Tadawul, has appointed Adel Saleh al-Ghamdi as its chief executive, replacing Abdullah Alsuweilmy, the bourse said in a statement on Thursday.

The appointment of al-Ghamdi, who was general manager in the corporate finance and issuance division of the Saudi Capital Market Authority, comes at a time when the country is preparing to open its stock market to direct foreign investment.

Officials have not set a date for the reform, which has been on the drawing board for years, but the CMA has been tightening listing standards and seeking to crack down on excessive speculation in the market.

In its brief statement, the exchange did not say why Alsuweilmy left, but thanked him for his contribution.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Taking stock

Taking stock

Gulf stock markets have seen a dearth of IPOs since the global...

Steering clear of the stock markets

Steering clear of the stock markets

Listing was all the rage three years ago, but IPOs have since...

Egyptians vent post-revolt fury in litigation

Egyptians vent post-revolt fury in litigation

Bankers, stockbrokers say indiscriminate corruption probes may...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams