The projects for the capital market have been implemented in the recent past by the SBP in collaboration with the capital market and commercial banks. SBP Governor Dr Reza Baqir said that Roshan Equity and Raast have been initiated by the SBP and very well executed by commercial banks and CDC. “This is an occasion … Read more
RIYADH: Saudi Arabia is still seeing a tsunami of initial public offerings (IPOs) with Wednesday’s latest round of approvals for companies to sell shares to the public. The Capital Market Authority approved on Wednesday the offering of 70.3 million shares, the market regulator revealed. The approvals were led by Public Investment Fund’s fully owned Elm Co. that … Read more
RIYADH: Foreign inflows in the Saudi capital market since 2019 have reached nearly SR135 billion ($35.98 billion), despite the kingdom being at an early stage in dealing with external investors, Arab News quoted Capital Market Authority chairman Mohammed ElKuwaiz, as saying. Opening the market for foreign investment supports diversification of funding sources for listed companies, ElKuwaiz said, … Read more
RIYADH: Saudi Arabia’s e-payment transactions increased by 75 per cent in 2020 due to Covid-19 outbreaks, the Saudi Press Agency reported on Thursday. Fintech Saudi’s National Fintech (financial services technology) Adoption Survey Results Report 2021 also revealed a reduction in cash withdrawals through ATM machines by 30 per cent in the same period. One of … Read more
KARACHI: The Pakistan Stock Exchange (PSX) is likely to allow securities brokers to open customer centres and utilise the sales force and distribution channels of their associated/holding companies for marketing their business across the country, a statement said on Wednesday. Currently, the securities brokers are required to open the branch offices and have it registered … Read more
KARACHI: The government has decided to provide a major relief to capital market investors by reducing the capital gains tax (CGT) rate from the existing 15 per cent to 12 per cent in the upcoming budget 2021/22, sources said on Saturday. The sources in the Ministry of Finance said the proposal of major relief to … Read more
