Saudi Arabia reduces fees for sukuk and bonds to spur growth of local debt market
Saudi Arabia’s Capital Market Authority (CMA), Saudi Stock Exchange (Tadawul), and Debt Management Office (DMO) are making changes to sukuk and bonds fees to stimulate the development of the local debt market.
In a joint statement, the authorities announced on Thursday changes to fees for issuers, and members and investors, that will come into effect June 9.
Chairman of the CMA Mohammed Al Kuwaiz said the changes are meant to enhance the effectiveness of debt instruments to advance the capital market, in line with Vision 2030.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
