The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on Saudi Investment Bank Securities

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• The Saudi Exchange Company, Securities Clearing Centre Company (Muqassa) and Securities Depository Centre Company (Edaa) Announces the Publishing of the Draft Amendments to the Exchange Rules and Procedures of Post Trade Project (phase 2) for Public Consultation

  As part of the Saudi Exchange Company, Securities Clearing Centre Company (Muqassa) and Securities Depository Centre Company (Edaa) keenness to involve all concerned and interested parties to participate and share their observations on the regulatory frameworks for its market, the Saudi Exchange Company, Securities Clearing Centre Company (Muqassa) and Securities Depository Centre Company (Edaa) announces the publishing of the Draft Amendments to the Exchange Rules and Procedures for public consultation, which can be viewed through the following links: • The Draft Amendments to the Derivatives Exchange Trading and Membership Rules. • The Draft Amendments to the Securities Clearing Centre Rules. • The Draft Amendments to the Securities Depository Centre Rules. • The Draft Amendments to the Derivatives Exchange Trading and Membership Procedures. • The Draft Amendments to the Trading and Membership Procedures. • The Draft Amendments to the Cash Market Clearing Procedures. • The Draft Amendments to the Derivatives Clearing Procedures. These amendments aim to increase the efficiency and attractiveness of the financial market for domestic and international participants and investors, while enhancing the post trade infrastructure to provide safe and trustworthy financial framework. The Saudi Exchange Company, Securities Clearing Centre Company (Muqassa) and Securities Depository Centre Company (Edaa) would be pleased to receive your feedback and observations no later than 30/05/2024G corresponding to 22/11/1445H through the following email: Public.Consultation@tadawulgroup.sa All opinions and observations shall be considered and assessed during the process of issuing the final versions of the documents.

  16/05/2024 16:10:08

• The Permission of the FinTech Experiment granted to Mekyal Financial Technologies Company to test Offering and Investment in Debt Instruments , and its completion of the commencement of business requirements.

  Based on the Capital Market Law issued by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experimental Permit instructions issued by the Board of the Capital Market Authority, The Capital Market Authority announces that Mekyal Financial Technology Company has completed the commencement of business requirements to experiment the Financial Technology permit in relation to Offering and Investment in Debt Instruments pursuant to the decision of CMA's Board of Directors dated 05/02/2024G.  

  16/05/2024 15:44:52

• The Saudi Exchange Company Announces the Launch of Single Stock Options Contracts on Saudi Kayan Petrochemical Co.

  The Saudi Exchange Company announces the launch of Single Stock Options (SSOs) contracts on SAUDI KAYAN SSOs will be available from 19/5/2024 G corresponding to 11/11/1445 H, which will be cleared by the Securities Clearing Center Company “Muqassa”.  SSOs will enable local and international investors to effectively hedge and manage portfolio risks as well as diversify products available for trading in the market.  For more information, please visit our website: Click here

  16/05/2024 08:35:38

• CMA Announces the Approval of Public Offering of " GIB Saudi Small and Mid-Cap Equity Fund”

  The CMA has issued its resolution approving the public offer, by "GIB Capital Company”, of "GIB Saudi Small and Mid-Cap Equity Fund”. An Investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information. The CMA's approval of the fund should never be considered as a recommendation to subscribe in the fund, The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

  15/05/2024 20:13:38

• CMA Announces the Approval of Qassim Cement Co. request to increase its capital to acquire Hail Cement Co. through securities exchange offer and the approval of publication the offer timetable, and the offer document to the shareholders of Hail Cement Co.

  The CMA announces the issuance of its resolution approving Qassim Cement Co. request to increase its capital from SAR 900,000,000 to SAR 1,105,590,000 by issuing 20,559,000 ordinary shares to acquire Hail Cement Co. through a securities exchange offer. Qassim Cement Co. capital increase shareholder circular will be published within sufficient time before the Extraordinary General Assembly Meeting. The shareholder circular must include all relevant information that the shareholders need to know before making an informed decision when voting on the capital increase for the purpose described, including the increase in capital and risk factors. The CMA resolution included the approval of the proposed offer timetable, as well as the approval of the publication of the offer document by Qassim Cement Co.to Hail Cement Co. shareholders through a securities exchange offer. The offer document of Qassim Cement Co. will be published to Hail Cement Co. shareholders to acquire all their shares in Hail Cement Co. within sufficient time before the Extraordinary General Assembly Meeting of Hail Cement Co. The offer document must include all relevant information that the shareholders need to know before making an informed decision when voting on the offer, including the offer information and risk factors. If the shareholders of Qassim Cement Co. approved the capital increase, and the shareholders of Hail Cement Co. accepted the offer in their Extraordinary General Assembly Meetings, the new shares will be issued to Hail Cement Co. shareholders who are registered in the shareholders’ registry at the Securities Depository Center Company and the shares of Hail Cement Co. will be delisted from the Saudi Stock Exchange after the acquire decision becomes effective. A voting decision without reading the shareholders circular and the offer document carefully and reviewing its content may involve high risks. Therefore, the shareholders should carefully read the shareholders circular and the offer document to be able to reach a proper voting decision. If the shareholders circular and offer document prove difficult to understand, it is recommended to consult with an authorized financial advisor. The CMA’s approval should never be considered as an endorsement of the acquisition’s feasibility. The CMA's approval of the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

  15/05/2024 16:56:04