Saudi Arabia's Capital Market Authority (CMA) raised the commission on trades on Tadawul stock exchange from 12 bps to 15.5 bps per transaction, CMA said in a statement. It also eliminated the fixed commission on equity transactions equal to or less than SAR10,000 (USD2,668). Small traders will pay only the new percentage, with effect from July 17. The move aims to attract foreign investors and sell state assets, while taking into consideration the anticipated approval of fees for the deposit, transfer, settlement, clearing and registration of ownership of traded securities. Meanwhile, aside of the undertaken reforms, Tadawul is preparing to list itself in an IPO in 2018. (Reuters)