Union of Arab Securities Authorities.



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As part of its participation in the 37th Gitex Technology Week Exhibition, the Securities and Commodities Authority (SCA) announced launching a new e-system and an application, as well as new initiatives as part of the National Investor Awareness Project, a project aimed at raising awareness of financial markets. This reflects SCA's keen interest in developing the business environment and in keeping up with the latest, cutting-edge technologies to promote effective communication with investors and market participants, improve the quality of government services, and facilitate access to these services by employing information technology to provide smart and efficient solutions.


The Board of the Capital Market Authority (CMA) issued a resolution to recompose the Advisory Committee for its fourth term to comprise 12 part-time members from market participants, experts, specialists and experienced college professors. The Committee's composition took into consideration a more expanded representation of market participants.
Previously, the CMA Board issued a resolution on 2/11/1434H (8/9/2013) to approve the CMA’s Advisory Committee Regulations pursuant to the Capital Market Law (CML). This came in the context of enabling effective communication between the CMA and all different market participants, and creating a regulated mechanism for such interaction in order to support the CMA in fulfilling its functions and achieving its goals.
During the past term, the Advisory Committee looked into several issues and provided advice and recommendations thereof; the most important of which were: Sukuk and debt instruments market in KSA, corporate conversion from Saudi Organization for Certified Public Accountants-SOCPA’s accounting standards into International Financial Reporting Standards (IFRS), enabling the role of independent directors, convergence of interest in portfolio management between investors and investment managers, sector and market information disclosures in annual reports, best practices in auditing offices which audit listed companies, and creating a market for energy trading.
The Committee also discussed a wide spectrum of other issues such as: Special Purpose Entities rules, draft articles of association of a Special Purpose entities, CMA’s Program to Achieve KSA Vision 2030, Listing Rules in the second market, and quarterly financial statements for the fourth quarter.



Custodian of the Two Holy Mosques has appointed H.E. Mohammed bin Abdullah El kuwaiz as the new chairman of the Saudi Capital Markets Authority (CMA).


The Board discussed the study proposal on the transformation of Muscat Securities Market into a company. The Board approved the transformation of the market into a company wholly owned by the State General Reserve Fund as a preparation for offering it for public subscription in the future.
CMA announced the issuance of FTSE Russell’s decision regarding upgrading Boursa Kuwait from a Frontier to an Emerging market status in its annual report of Country Classification scheme issued on Sept. 29, 2017.

It is worth mentioning that FTSE Russell is a British provider of worldwide stock market indices and associated data services. 


The Arab Monetary Fund (AMF), the International Monetary Fund (IMF) and the World Bank Group jointly launched the Arab Payments and Securities Settlement Initiative (API), which aims to describe and assess the payments and securities settlement systems of the Arab countries with a view to identifying possible improvement measures in their safety, efficiency and integrity.

This White Book, “Payments and Securities Clearance and Settlement Systems in Lebanon,” is one of the public reports in the series and was prepared with the active support of the Central Bank of Lebanon and the Capital Markets Authority on issues related to the capital markets.


Global Finance Magazine honored CMA Chairman and Banque Du Liban Governor Riad Salameh by presenting him with an honorary shield in Washington D.C.
Salameh was selected as best-ranked central bank governors in the world, for the second year in a row.


The President issued decree no. 502 of 2017 appointing Dr. Mohammed Omran as the Chairman of the Egyptian Financial Supervisory Authority (EFSA) for a period of four years starting from 7 August 2017, that is after the approval of the House of Representatives on his nomination in its session dated 2 October 2017.


The African Securities Exchanges Association (ASEA) presented the "Person of the Year in the African Capital Markets" Award to Dr. Mohamed Omran, Chairman of the Financial Regulatory Authority and former Chairman of the Egyptian Stock Exchange for his continuous efforts to improve the conditions of the Egyptian Stock Market.

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