Annual General Meeting Considers New Board Members

The Arab Bankers Association's 34th Annual General Meeting took place on September 11 September with about 25 members in attendence and numerous others sending proxy voting forms. One of the items discussed was the election of new board members.  

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Saudi CMA issues draft foreign investment regulation

The Saudi Capital Market Authority has issued draft regulations for the registration of foreign financial institutions wishing to invest on the Saudi stock market. Interested parties have until 20 November to submit comments on the draft. The CMA expects that the Tadawul will be open for qualified foreign investors to invest in listed shares during the first half of 2015.

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UK Sovereign Sukuk 10-Times Oversubscribed

The UK Government's $200mn sukuk issue was oversubscribed ten times when it was launched in June. The sukuk had a tenor of five years. Its yield of 2.036%.

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