The Capital Market Authority (CMA) announced today, Oct. 14, that Tradeweb Co. has completed the commencement of business requirements to conduct securities exchange activities as an alternative trading system. The new activities are for sukuk and debt, as per CMA resolution dated 20/12/1445H, corresponding to 26/06/2024G.
The decision came pursuant to the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its implementing regulations, the regulator said in a statement.
This announcement comes as part of CMA’s ongoing efforts to develop the Saudi capital market and support the national economy, particularly in the debt instruments market. The regulator added that this process is an important step in enhancing the secondary market for debt instruments, providing advanced trading solutions to investors, and promoting transparency and efficiency in trading.
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