From UAE passenger rail and Saudi market reforms to Dubai property trends and GCC shifts, here are 10 essential stories this week
Saudi capital markets
Latest in Saudi capital markets
Capital Markets Authority
Saudi CMA proposes major rule changes on shareholder rights and board removals
Saudi Arabia’s CMA mulls major reforms to shareholder rights and board removals, aiming to strengthen governance of listed companies
Capital Market Authority
Money20/20 Middle East: Saudi stock market value surges to $2.67trn, CMA chief says
Saudi Arabia’s stock market approaching SR10tn ($2.67tn) in value as the CMA hosts Money20/20 Middle East
foreign direct investment
Saudi capital market foreign investments reach $92.5bn
Foreign investments in Saudi capital market increase 300 per cent in five years
Capital Market Authority
Saudi Arabia’s Capital Market Authority ranked 9th globally in 2022
It also ranked 4th among the G20 members last year
Capital Market Authority
Saudi Arabia announces new rules for foreign investors
The latest proposals are expected to have a positive impact on encouraging foreign investment in the Saudi capital market, besides increasing its attractiveness and efficiency and enhancing its regional and international competitiveness
Ahmed Saud Hamza Ghouth
Saudi’s Alkhabeer fund units begin trading on Tadawul, IPO subscription valued at $288mn
Fund attracted over 470,000 individual and institutional investors
Capital Market Authority
Saudi Tadawul Group initiative looks to increase investment opportunities, improve access to financial instruments
The Group has decided to roll out largest post-trade enhancements in the history of the Saudi capital market
Capital Markets
Tadawul Group’s net profit up 17% to $156.6mn in 2021 following strong Saudi Capital Market performance
The Tadawul Group’s revenues were up 8.01% year-on-year to $309.15 million in 2021, predominantly driven by solid growth in trading services, post trade services, and listing fees, on the back of strong Saudi Capital Market performance.
Dubai
Nasdaq Dubai plans to start equity futures on Saudi companies
Nasdaq Dubai will offer futures on some of the Middle East’s largest businesses in sectors including petrochemicals, real estate, banking and transport
