Saudi Arabia’s CMA mulls major reforms to shareholder rights and board removals, aiming to strengthen governance of listed companies
Capital Markets Authority
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Capital Markets Authority
Kuwait bans cryptocurrency and virtual assets transactions
By doing so, Kuwait authorities aim to reduce the risks and negative consequences associated with investing or dealing in virtual assets
Boursa Kuwait
Family businesses in Kuwait should join stock market, minister says
More high-profile listings can be gained by ‘speeding up the privatisation program and public-partnership project implementation’, according to Minister of Commerce and Industry Khaled Al-Roudhan
Asset Management
Shareholders back proposed merger between Kuwait’s Kamco, Global
Kamco Investment Company says shareholders have approved all matters related to a draft merger contract between it and Global Investment House
Capital Markets Authority
GCC’s IPO activity sees slight increase in Q2: PwC
Relatively little IPO activity has taken place locally since late 2017
Capital Markets Authority
Kuwait’s Kamco, Global win regulatory nod for merger
Kamco Investment Company and Global Investment House receive approval from Capital Markets Authority on proposed merger plan
Abu Dhabi Securities Exchange
UAE to finalise ICO regulations by 2019
The move will provide businesses with a secured option to raise capital through crowdfunding with the help of blockchain technology
Capital Markets Authority
Anaylsis: What will MSCI’s emerging market status mean for Saudi Arabia
The kingdom’s inclusion on MCSI’s Emerging Market index will provide billions of dollars in passive inflows just as the country is seeking to modernise its economy
Capital Markets Authority
MSCI’s expected upgrade to see billions of infow to Saudi Arabia
Analysts believe that the move could lead to inflows of approximately $10 billion of passive inflows into the country.
Aramco IPO
Investors bullish on Saudi stocks as key FTSE decision awaited
Positive outcome in June would set the stage for a planned IPO of shares in Saudi Aramco
Capital Markets Authority
Saudi to let foreigners take strategic stakes in listed companies
Strategic investors in Saudi companies will retain voting rights attached to their shares
