Saudi regulator licenses special purpose vehicle to issue debt instruments

23/01/2019 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA), the Kingdom’s market regulator, has licensed a Special Purpose Vehicle (SPV) to issue asset-backed debt instruments, in line with Special Purposes Entity bylaws, the regulator said in a statement.

 

The license is the first of its kind in the Kingdom, the statement added.

 

In December 2017, the CMA’s board issued a resolution approving rules for Special Purposes Entities and the Special Purposes Entity bylaws. These rules entered into force starting from April 1, 2018.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.