CMA seeks public opinion on price stabilization draft

11/06/2018 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA) is seeking public views on the draft instructions on the price stabilization mechanism for initial public offerings (IPO), within 30 days ending on July 9.

 

The draft instructions aim to regulate the price stabilization activities on shares of listed firms after the IPO, the market regulator said in a statement on Sunday.

 

The instructions also aim to regulate the price stabilization manager activities and determine the requirements needed to be met. In addition, they clarify the relevant disclosures, the price stabilization period and the maximum percentage of the total number of shares allowed for the over-allotment option, the statement said.

 

The draft instructions can be viewed on CMA’s website.

 

Public opinion and remarks can be shared through the following channels:

 

- Email: Laws.Regulations@cma.org.sa

- Fax number: +966114906460

- Mail address: P.O. Box 87171 Riyadh 11642, CMA Deputy for Legal Affairs and Enforcement – Laws and Regulations Department.

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