The Capital Market Law
Art. FourStatus unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
a) An Authority to be named “The Capital Market Authority” is hereby
established in the Kingdom and shall directly report to the President of
the Council of Ministers. It shall have a legal personality and financial
and administrative autonomy. It shall be vested with all authorities as
may be necessary to discharge its responsibilities and functions under
this Law. The Authority shall enjoy exemptions and facilities enjoyed by
public organisations. Its personnel shall be subject to the Labour Law.
b) The Authority shall not have the right to engage in any commercial
activities, to have a special interest in any project intended for profit, to
borrow or lend any funds, or to acquire, own or issue any Securities.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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