15.06.2009 - Saudi Arabia- CMA launches bond and securities market
From Menafn.com: The Capital Market Authority (CMA) yesterday launched the bond and securities market as leading stocks including banks, financial services, industries and petrochemicals reacted positively to the move by the regulator's move. The new market yesterday witnessed two major deals worth more than SR1.1 billion ($269 million) with the first deal involving sukuk (Islamic bond) of SABIC as 20,000 sukuks were sold for SR202 million at the rate of SR10,100 per sukuk.........Full Article: Source
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