From Gulfnews.com: The Saudi stock market regulator has approved the setting up of a market for debt securities, it said yesterday, responding to long-standing demand from some firms for diversified sources of financing amid tight credit conditions.

The Capital Market Authority’s (CMA) decision is part of its “continunous and gradual effort to develop the Saudi capital market”, it said in a statement posted on the bourse’s website…….Full Article: Source