Affiliation:
1. Taibah University, Medina, Saudi Arabia
Abstract
Opening the stock market has several impacts on companies and the economic status of a country (Ilhan, 2019). The Saudi market is considered as a big opportunity for foreign investors, as it is among the largest economies in the Middle East and North Africa (MENA) regions (Elimam, 2017). This study aims to investigate the effect of the liberalization of the stock market in Saudi Arabia on the disclosure of information. To do this, information was gathered through secondary data collection. Empirical studies and existing data collected by other parties were critically analysed to fulfill the research objectives and come up with conclusions. In particular, they were examined through content analysis. Liberalizing the Saudi stock market seemed to improve the disclosure of information. However, it has been found that there are several variations in disclosure of information levels between companies based on the Saudi Arabian Capital Market Authority (CMA) codes. These variations mainly depend on company type, code, and ownership
Funder
Saudi Arabian Cultural Mission
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