Financial Sector Overview Saudi Arabia Us- Saudi Business Opportunities Forum Chicago April 29, 2010.

Slides:

Advertisements

Similar presentations

BULGARIAN CAPITAL MARKET AND THE ROLE OF BULGARIAN STOCK EXCHANGE 7 th INTERBALKAN FORUM OF BANKING ASSOCIATIONS Sofia, May 4 th Ivan Takev, BSE-Sofia.

Advertisements

NDB Invest Discretionary Portfolio Management Services by

Developments in the Organisational Structures of Banking and Financial Market Supervision: Aligning Organisational Solutions with the Countrys Needs National.

1. Overview 1- The Libyan Stock Market (LSM) has been established by the decree of the General Peoples Committee No. (134) for the year of LSM.

Panel 2: The Road Ahead for Omani Banking 13 April 2008.

1 Bond Market Development in Cambodia April 2007, Shanghai, China Socheat MEY Ministry of Economy and Finance, Cambodia.

The Central Bank of Bosnia and Herzegovina MARKET OF GOVERNMENT SECURITIES IN BIH Presentation by: Ljubiša Vladušić Vice Governor of the Central Bank of.

Palestine Capital Markets Authority1.  PCMA has been established in 2005 to be the REGULATOR for the non- banking financial sectors  Sectors under the.

_1 RMB AND ASSET MANAGEMENT 1 August 2013 KING & WOOD MALLESONS FINANCIAL SERVICES COUNCIL CONFERENCE 2013.

Securities and Exchange Board of India

Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill /Irwin Chapter One Introduction.

The Central Depository & Settlement Corporation Ltd.

Spring-03 Investments Zvi Wiener Investments, BKM Ch 1.

Capital Market Board of Turkey. A brief timeline and milestones of the Turkish capital markets are presented below: 1981 Capital Markets Law passed

‘SIDF’s role in Development of Industrial Sector in Saudi Arabia’ By Ali Al-Dhalaan 8th Rajab, /05/2012.

Michal Bodlák. Definition  An investment bank is a financial institution that assists: individuals, corporations and governments companies involved in.

Stocks and Commodity Market Operations (MBA 826)

Career Tracks and Opportunities in Finance. Different Finance Career Tracks  Corporate Finance  Investments  Banking and Financial Services  Insurance.

An Overview of Banks and Their Services

1 Financial System in Cambodia Mr. LIM CHHAYADA Deputy Head Division October 2010.

Investment Banking Overview SEO-U Webinar

Harmonizing Legal and Regulatory Frameworks to Facilitate Regional Domestic Bond Market Development “The East African Community Experience” Presentation.

©2007, The McGraw-Hill Companies, All Rights Reserved Chapter One Introduction.

Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill /Irwin Chapter One Introduction.

16-1 Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall Chapter 16 Managing Finances.

University of Palestine International Business And Finance Management Accounting For Financial Firms Part (3) Ibrahim Sammour.

Welcome Miami Northwestern Bulls! Florida International University State Farm Financial Literacy Lab.

Nilex Market NILEX is the Egyptian Exchange' market for growing medium and small companies, which offers an appropriate, secure, yet flexible regulatory.

Compliance and Corporate Social Responsibility 6th CIS LOCAL COUNSEL FORUM Mr. Alexander Bolkvadze, Partner, BLC Law Office - Tbilisi.

Introduction Dr. Lakshmi Kalyanaraman Dr. Lakshmi Kalyanaraman.

Michael C. Phiri Legal Officer Securities & Exchange Commission.

Stock Market Analysis and Personal Finance Mr. Bernstein Investment Banks May 23, 2013.

Lecture 2: Financial Markets and Institutions Financial Management.

1 Chapter 2 Flow and Sources of Real Estate Funds.

Study Unit 7 Raising Capital, Corporate Restructuring, and International Finance.

International Financial System 4 Chapter: IV MKT-305.

AMEDA 1st Leadership Forum April 28, 2009 ADMINISTRATION OF MUTUAL FUNDS Midclear S.A.L. Fouad El Khoury Chairman – General Manager MIDCLEAR S.A.L.

 What is a Bank?  What do a Bank?  To create generate capital market  To play effective role in the Economy by supplying capital.  To persuade quench,

Financial System The financial system in a country refers to the institutional framework existing to enable financial transactions to be carried out in.

Capital Markets Authority September 20, 2013 Turkish-Arab Capital Markets Forum 1.

KAZAKHSTAN STOCK EXCHANGE INC (KASE) Relevant as at July 1, 2008.

KAZAKHSTAN STOCK EXCHANGE (KASE) December 1, 2008.

PRESENTATION TO THE PARLIAMENTARY COMMITTEE ON FINANCE (PCOF) Presentation by Mr M Belle - Head: International Relations & CCBG Secretariat, South African.

Financial Markets & Institutions

©2012 McGraw-Hill Ryerson Limited 1 of 20 Learning Objectives 4.Analyze the dealer’s role in pricing corporate securities. Evaluate the influence of issued.

Finance & Finance Law. What is finance? Finance describes the act of providing money, capital or other financial resources to assist in facilitating a.

Revise Lecture 9. Q1: What is capital market? Revise Lecture 9 Q2: What is primary and secondary markets?

KAZAKHSTAN STOCK EXCHANGE (KASE) July 1, COEVAL OF TENGE … KASE was established on November 17, 1993 under the name of Kazakh Inter-bank Currency.

SESSION 2: The role of the financial sector in attracting FDI Inna Golodniuk CASE Ukraine

Financial System Introduction to Financial Landscape

Chapter 1 Overview of Real Estate Finance. Chapter 1 Learning Objectives Understand the relationship between finance and real estate Understand the relationship.

The Recent Developments of the Libyan Stock Market Presented by: Mr. Suliman Salem Al-Shohomy Chairman of The Libyan Stock Market AMEDA 9 TH MEETING ALEXANDRIA,

1 Lecture 2: Financial markets Mishkin chapter 2 – part A Page 23-28,

Global Financial Regulatory Framework Regulating International Capital Market Masters in Accountancy (MACC508)

Role of Financial Markets and Institutions

Presentation on Regulatory Framework of Capital Market Prepared by Mohammad Abul Hasan Director Bangladesh Securities and Exchange Commission.

Presentation On Capital Market Regulatory Framework.

Outline Introduction The Saudi Arabia banking system

LAWYERS AND CAPITAL MARKETS

Presentation on Regulatory Framework of Capital Market

2016 IRAQ BANKING FORUM Beirut, Lebanon Confidential September 2015.

Money & Banking SESSION 1 BANKING By Dr. Soha El Magawry.

KAZAKHSTAN STOCK EXCHANGE INC (KASE)

Fintech Chapter 4: Financial Institutions

Unified Central Securities Depository

Chapter eight Types of Banks

KAZAKHSTAN STOCK EXCHANGE INC (KASE)

The Unified Central Securities Depository

Muscat Depository & Securities Registration Company SAOC

Presentation transcript:

Financial Sector Overview Saudi Arabia Us- Saudi Business Opportunities Forum Chicago April 29, 2010

Some of the Capital Market Regulations Issued……. Issuance of the Capital Market Law by Royal Decree 31 st July Issuance of Corporate Governance Regulations by the CMA 2008 Issuance of Anti-Money Laundering & Counter- Terrorist Financing Rules by the CMA 2004 Issuance of Securities Business Regulations by the CMA 2005 Establishment of CMA and Issuance of Regulations for Offer of Securities Issuance of Mergers & Acquisitions Regulations by CMA 2007 Issuance of Investment Fund Regulations by the CMA 2006 Issuance of Real Estate Investment Fund Regulations by the CMA 2006 Issuance of Listing Rules by the CMA 2005 Issuance of Authorized Person Regulations by the CMA

The decentralization of the Financial Sector begins……. SAMA Established 1952 Stock Market Share Trading, Execution & Settlement Investment Banking Services Pre-CMA Establishment of the CMADecentralization of the Financial Sector Stock Market Share Trading, Execution & Settlement Commercial Banks’ Lending Activities Investment Banking Services Insurance Licensing & Monitoring Other Traditional Role of a Central Bank (Money Supply) CMA Established 2004 Tadawul Established 1984 & Converted to JSC 2007

Hence, the change in the Role of the Commercial Banks….. Local Commercial Banks Pre-2001 SAMA Issues Licenses to Foreign Banks in 2001 CMA Established in 2004 Stock Market Share Trading, Execution & Settlement Lending Activities Investment Banking Services Insurance Services New Licensed Foreign Banks Regulator: SAMA Lending Activities Investment Banking Services Stock Market Share Trading, Execution & Settlement Regulator: SAMARegulator: CMA CMA Authorized Person New Licensed Insurance Companies Insurance Services Regulator: SAMA

Change in the Responsibilities of the MOCI MOCI Approve IPO including Feasibility & Valuation of Issue Approve Conversion to JSC Status Monitor JSC Financial Reporting Approve Allocation of Floated Shares Monitor JSC Financial Reporting Approve IPO including Feasibility & Valuation of Issue CMAMOCI Approve Allocation of Floated Shares Other MOCI traditional role, implement Companies Law, etc Approve Conversion to JSC Status

Financial Service Providers Commercial Banks Investment Companies Insurance Companies Regulators & The Exchange SAMA: Central Bank MOCI: Ministry of Commerce CMA: Capital Market Authority Tadawul: The Exchange The Financial Sector Landscape Today….. Financial Services Commercial Banking Services Investment Banking Services Insurance Services Regulations Companies Law Capital Market Authority’s Regulations Banking Control Law

Market Parameters End of Period No of Brokers New Licensed Brokers No of listed companies New Issues Market cap bn General Index , , , , , , , , ,149 8, ,438 16, ,226 7, ,946 11, , ,196 6,122 Mar ,345 6,801

Thank You