Saudi Arabia’s Council of Ministers has instructed the Capital Market Authority (CMA) to adopt the necessary rules to enable appropriate international financial operators to buy and sell shares on the local stock exchange (Tadawul). The draft law will be published within one month to enable operators and investors to submit comments and proposals in the following 90 days. The new legislation is expected to enter into force in the first half of 2015. Source: infoMercatiEsteri.
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