Saudi Arabia's stock market regulator said on Saturday it had approved setting up a market for debt securities. The Capital Market Authority's (CMA) decision was part of its "continuous and gradual effort to develop the Saudi capital market", it said in a statement posted on the bourse's website.
The Saudi stock exchange - Tadawul - has already developed the market, which will trade bonds and sukuk through licensed intermediaries, CMA said. The date of the market's launch will be announced later by Tadawul, it added.
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