Saudi Arabia: Bid to boost capital market

Published May 24th, 2006 - 08:06 GMT

The new Capital Market Authority (CMA) chief has announced a number of measures, including the formation of a capital market company, the establishment of independent investment funds and the launch of a new stock exchange system - to boost the local stock market.

 

Speaking to the Shoura Council’s financial committee, Abdul Rahman Al-Tuwaijeri, who is also secretary-general of the Supreme Economic Council (SEC), highlighted the kingdom's bid to restore market stability, Arab News reported.

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