New Saudi regulator says market-opening plan on track

The new head of Saudi Arabia's securities regulator said the kingdom remained on track to open its $510 billion stock market to direct foreign investment in the first half of this year. Mohammed Al-Jadaan, founding partner at law firm Al-Jadaan & Partners in Riyadh, was named head of the Capital Market Authority in a cabinet resuffle by King Salman on Thursday. He replaced Mohammed bin Abdulmalik Al-Sheikh, who also had a lawyer's background. "I look forward to increasing the number of listed co