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Financial Sector Overview Saudi Arabia Us- Saudi Business Opportunities Forum

Financial Sector Overview Saudi Arabia Us- Saudi Business Opportunities Forum Chicago April 29, 2010. Some of the Capital Market Regulations Issued……. Issuance of Anti-Money Laundering & Counter-Terrorist Financing Rules by the CMA. Issuance of Corporate Governance Regulations by the CMA.

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Financial Sector Overview Saudi Arabia Us- Saudi Business Opportunities Forum

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  1. Financial Sector Overview Saudi Arabia Us- Saudi Business Opportunities Forum Chicago April 29, 2010

  2. Some of the Capital Market Regulations Issued……. Issuance of Anti-Money Laundering & Counter-Terrorist Financing Rules by the CMA Issuance of Corporate Governance Regulations by the CMA Establishment of CMA and Issuance of Regulations for Offer of Securities Issuance of Listing Rules by the CMA 2008 2006 2004 2006 2005 2006 Issuance of Securities Business Regulations by the CMA 2003 2007 Issuance of Real Estate Investment Fund Regulations by the CMA Issuance of the Capital Market Law by Royal Decree 31st July 2003 Issuance of Mergers & Acquisitions Regulations by CMA 2006 2005 Issuance of Investment Fund Regulations by the CMA Issuance of Authorized Person Regulations by the CMA

  3. The decentralization of the Financial Sector begins……. Pre-CMA Establishment of the CMA Decentralization of the Financial Sector SAMA Established 1952 CMA Established 2004 Tadawul Established 1984 & Converted to JSC 2007 Commercial Banks’ Lending Activities Investment Banking Services Investment Banking Services Stock Market Share Trading, Execution & Settlement Stock Market Share Trading, Execution & Settlement Insurance Licensing & Monitoring Other Traditional Role of a Central Bank (Money Supply)

  4. Hence, the change in the Role of the Commercial Banks….. Pre-2001 SAMA Issues Licenses to Foreign Banks in 2001 CMA Established in 2004 New Licensed Insurance Companies Local Commercial Banks New Licensed Foreign Banks CMA Authorized Person Lending Activities Lending Activities Investment Banking Services Investment Banking Services Stock Market Share Trading, Execution & Settlement Stock Market Share Trading, Execution & Settlement Insurance Services Insurance Services Regulator: SAMA Regulator: SAMA Regulator: CMA Regulator: SAMA

  5. Change in the Responsibilities of the MOCI CMA MOCI MOCI Approve Conversion to JSC Status Approve Conversion to JSC Status Monitor JSC Financial Reporting Monitor JSC Financial Reporting Approve IPO including Feasibility & Valuation of Issue Approve IPO including Feasibility & Valuation of Issue Approve Allocation of Floated Shares Approve Allocation of Floated Shares Other MOCI traditional role, implement Companies Law, etc Other MOCI traditional role, implement Companies Law, etc

  6. Financial Service Providers • Commercial Banks • Investment Companies • Insurance Companies • Regulators & The Exchange • SAMA: Central Bank • MOCI: Ministry of Commerce • CMA: Capital Market Authority • Tadawul: The Exchange The Financial Sector Landscape Today….. • Financial Services • Commercial Banking Services • Investment Banking Services • Insurance Services • Regulations • Companies Law • Capital Market Authority’s Regulations • Banking Control Law

  7. Thank You

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