On 7 September 2020, the Capital Market Authority of Saudi Arabia (CMA) issued instructions relating to listing of depositary receipts outside of the Kingdom (Instructions). Previously, foreign issuers were allowed to be listed on the Saudi Stock Exchange... FIND OUT MORE
The Ministry of Commerce has issued a draft set of rules to regulate the licensing of independent consulting professionals, in the fields of hospitality, education, financial, economic and administrative consulting, as well as translation. Based on these draft... FIND OUT MORE
A new Pharmaceutical Establishments Law came into force on 24 August 2020. A key change is that the Saudi Food and Drug Authority (SFDA) will now license foreign owned entities to open and operate businesses trading and distributing... FIND OUT MORE