Saudi Regulator Starts Amendments to Listing Rules, Riyadh Says

Saudi Arabia today starts amending the rules of share registration and admission to listing, al- Riyadh reported, citing the Capital Market Authority.

The number of shareholders from the public should not be less than 200, and the public’s ownership stake should not be less than 30 percent, the newspaper said, citing the regulator. The authority may approve less than this number and percentage in certain circumstances, al-Riyadh added.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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