An independent public authority legally and financially, established under Law No. (11) of the year 2010 pertaining to capital markets. The main mission of the capital market authority is to supervise and control the markets and all non-banking financial instruments that engage in business affairs, for this purpose, it is mandated with all the powers and jurisdictions stipulated in the relevant laws and implementing regulations.
The Capital Market Authority exercises the implementation of general policies and plans related to its activities and develops the necessary programs that will create a conducive environment to achieve stability, growth and control of money markets, commodities, and non-banking financial and investment instruments and affiliate entities subject to the scientific approach that ensures the achievement of the state’s objectives, as well as follow-up their implementation in order to reach the desired goals and results.
Protecting investors and dealers in money markets from non-commercial risks
Ensuring fairness, efficiency and transparency of money market transactions
Reducing risks arising from financial transactions
Ensuring integrity and development of work in the market
Activating non-banking financial markets, tools and activities, including:
Committees, councils and funds in the Capital Market Authority
Commodity markets and exchanges
Financial instruments activity
Credit rating activity
Financial leasing activity
Investment fund activity
Shar’ia supervisory bodies
The Capital Market Authority shall implement the wide-ranging policies and strategies related to its activity and develop the necessary programs that will create the appropriate climate to achieve stability, growth and control of capital markets, commodities, non-bank financial and investment instruments and their subject entities in accordance with the precise method that ensures the achievement of the Country’s objectives and the follow-up of their implementation to reach the desired goals and results part of which is the following particular functions and powers:
The Authority aims to create the appropriate climate to achieve stability, growth and regulation of the capital market and the following in particular:
Gathering information and statistics on financial markets, commodity markets, Sukuk and other entities subject to the supervision and over-seeing of the Capital Market Authority and hence publish reports on them.