Financial and Banking News

REGIONAL BANKING

SAMA Liberalizes Share Trading Procedures 

The Saudi Arabian Monetary Agency (SAMA) has liberalized procedures for registering company shares so that share certificates can be traded through banks up to six times before being formally registered. Under previous rules, which were phased out in mid-June, each individual trade had to be registered with the issuing company and a new share certificate issued. The result of this cumbersome...