SACM - United Kingdom
Permanent URI for this collectionhttps://drepo.sdl.edu.sa/handle/20.500.14154/9667
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Item Restricted Legislative approaches to preventing corporate fraud: the perspective of the United Kingdom and the Kingdom of Saudi Arabia.(University of Leeds, 2024) Alharbi, Anas; Cairns, StevenThe UK has recently developed a legal framework to prevent various forms of corporate fraud, yet it was criticised from several aspects. While the KSA laws contain anti-fraud provisions, they lack the same depth and specificity, particularly regarding the forms of corporate fraud. This gap is important as the KSA seeks to adjust its legal framework to align with the evolving economic landscape. Therefore, the main aim of this study is to compare the legislative approaches of the UK and the KSA in reducing corporate fraud, with a focus on leveraging the UK's experience to expedite the development of modern Saudi laws. Through a comparative analysis of relevant legislation in both countries, this study evaluates their respective strengths, weaknesses, and practicability. The findings indicate that the UK's legislative approach has benefitted from the evolution of its laws over time, leading to legislation that imposes convictions on some organisations for their FTP fraud. In contrast, the Saudi regime punishes certain acts that may be considered fraud in specific categories of companies, but it does not explicitly address all forms of corporate fraud. The study recommends taking advantage of the British experience to develop Saudi legislation in a manner that is appropriate to the evolving local context.31 0Item Restricted IPO Regulation in Saudi Arabia: A Look into IPO Listing Requirements and their Future Suitability(University of Edinburgh, 2024) Mushaikh, Yousuf; Hood, ParkerThis thesis discusses the KSA capital market in light of the recent rise of private companies pursuing initial public offerings. The thesis discusses the history of KSA's capital market and its continuous growth in light of Vision 2030 and its realization programs. The thesis provides an overview of the listing requirements for IPOs in both Tadawul's main market and NOMU and assesses them in a comparative manner with UK's IPO listing rules. The aim of this thesis is to analyse IPO listing requirements in KSA and their role in enabling private companies going public. The thesis looks into the potential difficulties private companies may face in going public and analyses them while also looking into the potential of introducing SPACs in KSA to further grow the capital market, in line with Vision 2030's goals.45 0Item Restricted How can takeover regulation aid Saudi Arabia to achieve its Saudi Vision 2030? A comparative analysis between Saudi Arabia’s Capital Market Authority Merger and Acquisition Regulation with UK’s Takeover Code(University College London, 2024-06-05) Alsebyani, Mohammed; De La Pena, FranciscoThis research presents a comparative analysis of how Saudi Arabia can amend its takeover regulations to align with the country's Vision 2030 objectives. By examining and comparing the Saudi regulatory framework with the UK Takeover Code, the study aims to provide actionable recommendations for the Saudi Capital Market Authority. Furthermore, it offers broader suggestions on how to improve the Saudi takeover code to meet international standards. This research presents a comparative analysis of how Saudi Arabia can amend its takeover regulations to align with the country's Vision 2030 objectives. By examining and comparing the Saudi regulatory framework with the UK Takeover Code, the study aims to provide actionable recommendations for the Saudi Capital Market Authority. Furthermore, it offers broader suggestions on how to improve the Saudi takeover code to meet international standards.33 0