Saudi CMA plans to ease regulations for Nomu Parallel market

25/12/2017 Argaam

 

The Capital Market Authority (CMA) plans to ease investment regulations for the Nomu Parallel Market to investor interest and liquidity, sources familiar with the matter told Argaam.

 

Terms will be amended so that a retail investor’s net assets should be at least SAR 5 million, and that the person should hold a professional degree in the stock market or have a three-year experience in the field of investment.

 

In comparison, the current investment terms stipulate that an individual should have executed not less than 10 market transactions at a total value of at least SAR 40 million in each quarter over the last year; the retail investor should have a securities portfolio of SAR 10 million minimum over the past 12 months, and should also hold a CMA-approved degree in the field.

 

The Saudi Stock Exchange (Tadawul) launched the Nomu Parallel Market on February 26 earlier this year. Non-resident foreign investors will be allowed to invest in the parallel market as of January 1, 2018.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read