REGULATIONS

The Electricity & Cogeneration Regulatory Authority (ECRA) is a Saudi organization which regulates the electricity and water desalination industry in Saudi Arabia. Its main task is to develop and pursue a regulatory framework in accordance with government laws, regulations, policies and standards, as well as international best practices in order to guarantee the provision of safe, reliable, reasonably priced and efficient electric power and desalinated water to the customers of Saudi Arabia.

The company is subject to environmental laws and regulations that are overseen by the Presidency of Meteorology and Environment, the Government agency responsible for the Kingdom’s environmental affairs.

The Capital Market Authority (CMA) regulates and develop the Saudi Arabian financial market and issues required rules and regulations for implementing the provisions of Capital Market Law. The basic objectives are to create an appropriate investment environment, boost confidence, and reinforce transparency and disclosure standards in all listed companies, and moreover to protect the investors and dealers from illegal acts in the market.

 
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