Saudi Gazette - CMA forms advisory body to further enhance its role

Saudi Gazette - CMA forms advisory body to further enhance its role:

"The Saudi Capital Market Authority (CMA) formed an advisory committee composed of all stakeholders in the money market in the Kingdom, CMA Governor Mohammed Al Sheikh said Sunday at the opening ceremony of the 2nd Annual Saudi Securities Forum.

“The committee, composed of members from the Authority, banks, investment corporations, investors, academics, financial consultants, and journalists, will provide consultation, advise, suggestion and recommendations that will enhance the role of the Authority in doing its mandate and develop the Saudi capital market to better levels,” he said.

The governor further said that the level of transparency by Saudi companies in announcing the financial data has risen by 26.4 percent in 2012 to 3,771 announcements."

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