RIYADH, Saudi Arabia, July 15 (Bernama-GLOBE NEWSWIRE) — The Saudi Capital Market Authority (CMA) has approved a set of amendments that includes a set of facilitations related to the procedures for opening and operating investment accounts for certain categories of investors.
The amendments aim to keep pace with regulatory and technological developments in the Kingdom of Saudi Arabia and to facilitate investment in the Saudi capital market by enhancing the procedures for opening and operating investment accounts, including the addition of new investor categories and regulating transactions related to those accounts. These changes are expected to strengthen the attractiveness of the Saudi capital market to both local and international investors, enhance investor protection, and reinforce the confidence of market participants.