Saudi Arabia's Regulator Set to Unveil New M&A, Listing Rules - Bloomberg

Saudi Arabia's Regulator Set to Unveil New M&A, Listing Rules - Bloomberg:

"Saudi Arabia plans to unveil regulations to make share listings easier and encourage mergers and acquisitions among publicly traded companies in the Middle East’s biggest bourse.

The regulations will simplify the time taken to float a company in the kingdom and also do away with some of the stringent conditions that have constrained M&A among listed companies, according to Capital Market Authority Chairman Mohammed El-Kuwaiz.

“The expectation is that we will be able to pass these rules in a month’s time,” El-Kuwaiz, formerly a management consultant with McKinsey & Co. Inc., said on the sidelines of a Saudi Arabian capital markets event arranged by Deutsche Bank AG in London. “We are already seeing instances of public companies engaging in discussions in expectation of these regulations.”"



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