Saudi stock regulator tightens trading rules on loss-making companies | The National:
"The Saudi Arabian Capital Market Authority (CMA) has tightened rules on how long shares in listed firms can trade if the companies have large accumulated losses, it said on Monday, in a move that analysts said could soon affect several firms.
The new rules will compel companies with losses totalling 50 per cent of their capital to announce plans to remedy their financial standing, and will impose penalties including suspension of trading on companies with bigger losses.
They will come into effect in July next year."
'via Blog this'
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