The Sudanese Council of Ministers Issues a Draft Law Authorizing the Regulation of Capital Markets in Sudan

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  • The Sudanese Council of Ministers Issues a Draft Law Authorizing the Regulation of Capital Markets in Sudan
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The Sudanese Council of Ministers Issues a Draft Law Authorizing the Regulation of Capital Markets in Sudan

The Sudanese Council of Ministers headed by Mr. Bakri Hasan Saleh, the First Vice President of the Republic, has authorized in its meeting on August 14th, 2014 a draft law that consists on regulating the Sudanese Capital Markets for the year 2014.  Whereby, a specialized Capital Markets organism will be established in order to monitor and to encourage investments, also to protect dealers and investors and to reaffirm the commitment to the Sharia Islamic law.

Dr. Omar Mohammad Saleh, the spokesman for the Council of Ministers has declared in a press statement after the meeting that the Council has also approved the draft law of the Stock Markets for the year 2014 which was presented by the Minister of Finance Mr. Badr al-Din Mahmoud, and which repeals the law of Khartoum Stock Exchange of 1994 and the Sukuk Law of 1995.

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