VOL. XLVI
No 25
23-June-2003
SAUDI ARABIA
CAPITAL MARKETS
Saudi Arabia Approves Long-Awaited Stock Exchange Law
Saudi Arabias cabinet, headed by King Fahd, on 16 June gave final approval to the long-awaited capital markets law which allows for the creation of an independent market regulatory body to be known as the Saudi Arabian Securities and Exchange Commission and independent brokerage houses. Proposals for the new law were reviewed by the Supreme Economic Council (SEC) chaired by Crown Prince...
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