CMA aims to balance market development, investor protection: Official

10/02/2023 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) seeks a balance between market development and investor protection, Al Eqtisadiah newspaper reported, citing Khalid Al-Hamoud, a CMA board member.

 

Al-Hamoud told the Zakat, Tax and Customs Conference that the stock market is set to launch other products, looking forward to other appropriate regulations.

 

In case of launching new products, the CMA will work gradually on setting the relevant legislative and regulatory requirements to help the development of such products.

 

There are 1.4 million investors in the stock market and other 670 in mutual funds, Al-Hamoud said, noting that the market witnesses the attraction of foreign cash flows and international indices inclusion.

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