Mubasher: Saudi Stock Exchange (Tadawul) said that the Saudi Capital Market Authority (CMA) will issue a number of procedures aimed at defusing financial crisis such as that erupted in 2006, through alarming decision takers of any looming risks which may affect the market in order to implement precautionary measures, according to sources.
The CMA will identify and manage possible risks to reduce vulnerability towards any setbacks whether in global or even local financial markets, oil prices or any strategic sector, Al-Jazirah Newspaper cited sources.
Saudi CMA will promote the internal supervision and increase the efficiency of its board, as well as upgrading transparency.
