Mohammed Al-Quwaiz, Chairman of the Saudi Capital Market Authority
Muhammad Al-Quwaiz, Chairman of the Saudi Capital Market Authority, stated that the choice to allow new classes of certified traders to enter the parallel market – Nomu – offers larger flexibility to enter the market with out disrupting the integrity of transactions.
He identified that getting into these classes enhances liquidity and helps create a extra dynamic market that serves the wants of traders and firms collectively.
Yesterday, the Council of the Capital Market Authority authorized opening the parallel marketplace for holders of bachelor’s levels in quite a lot of specializations associated to the sphere of securities to be certified traders within the parallel market, as a part of the bundle of amendments and services that had been authorized for quite a lot of new requirements, and easing the requirements and necessities that should be met by the investor to be eligible to enter the classification of certified traders who’re entitled to commerce and spend money on the parallel market.
