Market regulators strengthen disclosure rules in Saudi Arabia | GulfNews.com:
"Saudi Arabia’s Capital Market Authority on Sunday detailed strengthened requirements for disclosures made by companies listed on the kingdom’s stock market, saying it wanted to ensure transparency in the Gulf’s largest stock exchange.
The move is the latest in a series of steps to tighten regulation of the roughly $400 billion Saudi exchange ahead of any broader opening up to foreign investors. Saudi analysts and private financial executives familiar with the preparations say there has been no indication of Saudi King Abdullah Bin Abdul Aziz Al Saud’s plans on timing of any market opening.
The measures announced by the Capital Market Authority today expand on disclosure rules first adopted in 2006 for companies listed on the Saudi stock exchange, the state-run Saudi Press Agency said."
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