Custodian of the Two Holy Mosques King Salman bin Abdulaziz
The Capital Market Authority (CMA) announced today, Feb. 27, that King Salman issued a royal order on the formation of a new board for the market regulator, with Mohammed ElKuwaiz as Chairman and Youssef Al-Bilihid as Vice Chairman.
Khalid Al-Homoud, Walid bin Mohammed Alissa and Abdulaziz bin Abdul Mohsen bin Hassan will serve as board members.
The current board members will be appointed for five years, according to the Capital Market Law.
The market regulator thanked its former board members, Ahmed Al-Rajeh and Khalid Al-Solai for their strong contribution to the CMA’s initiatives, decisions and policies.
The newly-appointed board members have a long experience that will support the CMA and complement its efforts to develop the capital market in line with the Vision 2030 objectives.
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