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Egypt-focused, LSE-listed miner Centamin is looking at Saudi Arabia
Plus: Saudi is the second-best global destination for expats, study suggests
Debt instrument criteria + actual beneficiary rules up for public consultation
The actual beneficiary rules are part of the Companies Law
Saudi-Canadian business council is back at work after five-year hiatus
Plus: Politics continues to dominate headlines in the global business pres.
Cabinet approves changes to regulations on financing companies
Financing companies are now required to operate as joint-stock companies
New fines for failure to submit financial statements
Fines range between SAR 4k to SAR 20k.
Sama releases draft principles on compliance and internal audit at finance and refinance companies
The proposed drafts will come into effect 6 months following their publication on Sama’s website
Sama wants to to see more crowdfunding of debt
Debt crowdfunding has yet to capture the imagination of retail investors the way equity crowdfunding did
Cabinet gives the greenlight for energy MoU with Pakistan
Logistics services and aviation MoUs with Djibouti and Costa Rica also got the okay
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