Saudi Arabia's securities regulator approved the listing of local currency government bonds on the Saudi Stock Exchange, Tadawul. The move comes as part of efforts to spur secondary market trading of debt and strengthen state finances. The Capital Market Authority (CMA) stated that over SAR204.4bn (USD54.5bn) worth of bonds would be available to trade starting 8 April. The instrument available would include both floating and fixed-rate bonds, as well as Sharia-compliant instruments.
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