ijra — Live news map of the Middle East, Sudan and Pakistan

Saudi regulator proposes giving shareholders more say over loss-making firms and boards

Saudi Arabia ·

The proposal would let shareholders demand in-person general assemblies and push loss-making companies to publish recovery plans. It is the latest in a series of measures by the Capital Market Authority to tighten governance at listed companies, following its April approval of new rules for removing board members.

The Capital Market Authority is Saudi Arabia's regulator for securities markets and listed companies. Governance reforms are part of a wider push to modernise the kingdom's capital markets.

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