Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

CAPITAL MARKETS

Saudi Arabia Establishes Capital Markets Authority

Saudi Arabia on 2 July took a step closer towards implementing the new capital markets law by establishing the board for an independent market regulatory body the Capital Markets Authority. According to the Saudi Press Agency, King Fahd issued a decree appointing five board members, including the current central bank deputy governor, Jamaz bin 'Abd Allah al-Suhaimi, as its...