Saudi working on SME bourse rules for early 2017 launch - bourse chief

Saudi Arabia is working to finalise the rules for a new stock market dedicated to small and medium-sized businesses that it expects to launch early in 2017, the chief executive of Tadawul, the kingdom's bourse, said on Tuesday. Tadawul announced last month that it planned to open the new exchange next year in a bid to improve access to capital and encourage better corporate governance. Saudi Arabia's economy is dominated by family businesses, many of whom have been reluctant to go public in the