Saudi Arabia

Capital Market Authority (CMA) is an independent financial regulatory body that is charged with overseeing, developing, and regulating the capital markets of Saudi Arabia. As one of the pillars of the economic landscape of Saudi Arabia, CMA enjoys total financial, legal, and administrative independence and reports directly to the Prime Minister. The main responsibility of this regulatory body is to ensure that there is a transparent, sound, and highly competitive investment environment by regulating security issuance, licensing financial intermediaries, guaranteeing strict disclosure of information, and shielding investors from fraudulent transactions. Under the overriding vision of Saudi Vision 2030, CMA serves as the chief architect in internationalizing the Tadawul (Saudi Stock Exchange) by eliminating all traditional barriers to foreign direct investment in order to make the country a global capital market hub.