Saudi Capital Market: Developments and Challenges provides an accurate independent assessment of the Saudi economy and the development of its capital market. A thriving capital market, one that not only brings investment funds into a country but also distributes profits in a transparent matter, is essential for any economy, especially a rapidly developing one such as Saudi Arabia. Already a key player on the world stage, the Kingdom is going through major planned economic transformation and diversification. In particular, a robust and transparent capital market, with a high level of integrity and sound enforcement, is well on the way to fruition. This book is the first in English to analyze and evaluate the roles of economic planning and a capital market in Saudi Arabia’s economic modernization.
What’s in this book:
In the process of examining the level of transparency and fairness in Saudi Arabia’s capital market, the author provides detailed information and analysis of such issues and topics as the following:
- market disclosure rules;
- insider trading laws;
- gaps in enforcement;
- dispute resolution;
- role of securities agencies;
- Saudi Arabia’s position in international organizations; and
- repercussions of the 2006 Saudi stock market collapse.
The author draws on a wide range of sources in both English and Arabic and concludes with well-grounded proposals for appropriate judicial, administrative, and enforcement policies.
How this will help you:
This book compares and contrasts the Saudi capital market with other capital market systems. Given the relative lack of literature in this area, this book serves as a bridge to gain useful resources at a practical, policy-making and academic level, especially for non-Saudis looking for legal knowledge and investment opportunities in the Kingdom. The information contained in this publication on the investment climate and applicable rules in Saudi Arabia serves as a useful handbook for lawyers and policymakers, as well as investors and attorneys, and other advisors with an eye on trade development in the Middle East to understand the Saudi capital market, its developing trends, and applicable laws.
Features:
- It contains a compelling story about the Saudi crash of 2006 and how it illustrates issues with the system.
- The book contains considerable amounts of research from a number of different sources: including original primary and secondary sources in Arabic and a range of comparative sources as to the U.S., GCC countries and Egypt.
- The researcher is independent and therefore in a position to offer unbiased analysis; the researcher used both Arabic and English sources to further the diversity.
- The book contains a comprehensive history of the Saudi capital market.
- The book contains useful comparisons with, and contrasts to, foreign capital market systems such as the United States and Egypt.
- It analyzes and evaluates the roles of economic planning and a capital market in economic modernization.
- The book also examines the level of transparency and fairness in the capital market.
- The book proposes appropriate judicial, administrative, and enforcement policies.
- The book critically examines the law and procedure of insider trading in Saudi Arabia and compares them to the laws of the United States.
Benefits:
- Investors will obtain knowledge about the investment climate and applicable rules in Saudi Arabia.
- Financial and legal professionals will receive a useful case study about the crash and the quasi-judicial committee system.
- Interested persons will receive an accurate assessment about the Saudi economy and development of the capital market.
- Given the relative lack of literature in this area, it is a very useful resource at a practical, policy-making and academic level, especially for non-Saudis looking for legal knowledge and investment opportunities in the Kingdom.