Saudi bourse targets small, medium enterprises

Saudi Arabia's bourse said on Monday it plans a market for small and medium-sized enterprises (SMEs) next year, under a push for SME development in a restructured economy. "This initiative comes in view of the importance of the role of this segment in supporting the national economy and accelerating development," the Tadawul bourse said in a statement. It "will establish a stock market segment targeting small and medium companies by the beginning of 2017", enabling them to finance their activiti