Four New Directors Elected to ABA Board

Four new directors have joined the ABA's Board following the Annual General Meeting of 11 September: Tarek Amer (National Bank of Egypt International), Fuad Khadder (HSBC), Charbel Khazen (GIB), and Bert de Ruiter (QIB UK).  

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Saudi CMA issues draft foreign investment regulation

The Saudi Capital Market Authority has issued draft regulations for the registration of foreign financial institutions wishing to invest on the Saudi stock market. Interested parties have until 20 November to submit comments on the draft. The CMA expects that the Tadawul will be open for qualified foreign investors to invest in listed shares during the first half of 2015.

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UK Sovereign Sukuk 10-Times Oversubscribed

The UK Government's $200mn sukuk issue was oversubscribed ten times when it was launched in June. The sukuk had a tenor of five years. Its yield of 2.036%.

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