April 30, 2020 / 6:11 AM / a month ago

BRIEF-Saudi's CMA Permits FinTech Experiment Application By Mudaraba Capital

April 30 (Reuters) - CAPITAL MARKET AUTHORITY:

* PERMITS FINTECH EXPERIMENT APPLICATION SUBMITTED BY MUDARABA CAPITAL CO

* PERMITS TO ESTABLISH A PLATFORM FOR ISSUANCE AND INVESTMENT IN DEBT INSTRUMENTS

* BASED ON THIS PERMIT, MUDARABA CAPITAL WILL ENABLE SMES TO OBTAIN REQUIRED FUNDING BY ARRANGING ISSUANCE OF SUKUK Source: (bit.ly/3aRevyG)

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