Politics & News

KSA reconfigure the Board of Directors of the Capital Market Authority

The Saudi Capital Market Authority announced in a statement today the issuance of a special royal order to reconfigure the authority’s board, headed by Muhammad Al-Quwaiz.


The order came based on what was stipulated in the Capital Market Law in Article 7 thereof.


The royal order included the appointment of Youssef Al-Bleihad as Vice-Chairman on the Authority’s Board of Directors.


The appointment also included (Khaled Al-Hamoud, Walid Al-Issa, and Abdulaziz bin Hassan) as members.


The term of their membership on the Board will be five years, as required by the financial market system.


The new members of the Commission will succeed the previous members (Ahmed bin Rajeh Al-Rajeh and Khalid bin Muhammad Al-Sulaie).


it continued: “The new members, have qualifications that will support the Authority’s progress.


The authority seeks to enhance the developmental and regulatory efforts of the financial market to achieve the goals of Saudi Vision 2030.


The Board includes in its formation specialists in the fields related to the financial markets.


They have qualifications and skills that meet the requirements of the Authority and the financial market.


The Authority stated that the members of the Board have long experience in regulating and developing the financial market.


Members also have qualifications and experience in law, finance, economics, accounting, investment, and research.


In addition to having experience in the fields of business and project management, whether at the public or private sector level.

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