Saudi Arabia has introduced measures to facilitate the entry of foreign issuers to the Saudi stock market and encourage investment in NOMU, the country’s secondary market, the Saudi Capital Market Authority (CMA) said Sunday. The new measures follow an agreement earlier this year between Tadawul and the Abu Dhabi Securities Exchange (ADX) aimed at boosting dual listings in Saudi Arabia and the UAE. In February, Tadawul’s CEO, Khalid Al-Hussan, said the Saudi exchange and CMA were working with potential investors in the Gulf countries on new rules to allow cross-border listings on Saudi Arabia’s stock market. The CMA also said Sunday the measures – which amend existing rules on how securities are offered – will promote trading and listing in NOMU, a parallel market with lighter listing rules for smaller firms. Other amendments concern the disclosure of bankruptcy proceedings under the country’s Bankruptcy Law in an effort to boost governance and transparency in the market, the CMA said.