RIYADH: Saudi livestock meat firm Horizon Foods, a subsidiary of Tabuk Agricultural Development Co., has issued the prospectus to list 1.6 million shares on the Kingdom’s parallel market Nomu. According to information on the Saudi Stock Exchange website, the offer shares represent 20 percent of the firm’s total capital of SR80 million ($21.32 million), which is divided into 8
RIYADH: Saudi Arabia’s Capital Market Authority has signed off on new rules aimed at attracting more investment into the Kingdom’s economy. The main changes include updating the prudential requirements for carrying out any securities business, such as credit, market, operational and concentration risks. There are also amendments to the methodology used to calculate the minimum