SAUDI STOCK EXCHANGE PARTICIPATES IN IOSCO’S 39TH ANNUAL CONFERENCE

29/09/2014 12:42 AST

Rio de Janeiro, 28th September 2014; subsequent to gaining affiliate membership to the International Organization of Securities Commissions (IOSCO), the Saudi Stock Exchange (Tadawul) took part in the Affiliate Members Consultative Committee (AMCC) in IOSCO’s 39th Annual Conference in Rio de Janeiro with a delegation led by Adel Al-Ghamdi, CEO of the Saudi Stock Exchange. The AMCC’s purpose is to discuss how best to draw on the collective experience and expertise of its members and to strengthen its role as a consultative committee to the Board of the International Organization of Securities Commissions. The Saudi Stock Exchange was welcomed by the Chairman of the Consultative Committee, Mr. Jose Carlos Doherty.

Al-Ghamdi, in his first address to the Consultative Committee, thanked IOSCO’s Board for accepting the Exchange’s application to Affiliate Membership. He also extended his thanks to the Saudi Capital Market Authority for encouraging and supporting the Exchange’s membership.

Al-Ghamdi also expressed the Exchange’s commitment to have a proactive role in providing value added contributions to the topics and discussions at hand, with the aim of having a voice in the regulatory matters that impact the Exchange’s business today and those that will shape its business in the future.

The Saudi Stock Exchange was granted affiliate membership with IOSCO on the 20th of May 2014 to join 62 other affiliate members of IOSCO.


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