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The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on Bank Albilad Securities
The Securities Depository Center Company (Edaa) announces implementing securities quantity Increase for Bank Albilad on the Center’s Accounts of eligible securities’ holders today 19/10/1446H, corresponding to 17/04/2025G.
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The Capital Market Authority Announces the Approval on the Registration and the Public Offering of Al Rajhi Banking and Investment Corporation’s Debt Instruments Program
The Capital Market Authority (“CMA”) announces the issuance of its Board resolution dated 02/11/1446 AH corresponding to 30/04/2025 AD approving the application of Al Rajhi Banking and Investment Corporation (“Issuer”) for the registration and public offering of the debt instruments within a program that does not exceed the value of (10) billion Riyal. The prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the financial statements of the issuer and adequate information about its activities and management, in addition to the details of the issuance program mentioned above. A subscription decision without reading the prospectus carefully and fully reviewing its content, may involve high risks. Therefore, investors should carefully read the prospectus which contains detailed information about the issuer, offering and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in the offering, taking into consideration the associated risks. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision. The CMA’s approval on the application should not be considered as a recommendation to subscribe in the offering or the debt instruments of the issuer. The CMA's approval on the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met. The CMA’s approval on the application shall be valid for (6) months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the issuer’s first intended tranche of the debt instruments of the program is not completed within this period.
30/04/2025 16:35:43 -
Edaa Announces the Launch of OTC Settlement for Listed Debt Instruments
The Securities Depository Center Company (Edaa) is pleased to announce the launch of the OTC Settlement Service for listed debt instruments, effective May 1, 2025. This service enables investors, through their custodians, to settle listed debt instruments using the Delivery versus Payment (DvP) mechanism. Settlement is conducted bilaterally between counterparties, outside of the Exchange. The OTC Settlement framework represents a significant step toward enhancing the accessibility of the Saudi debt market, streamlining the settlement process, and broadening investment opportunities. This initiative reflects Edaa’s commitment to the continued development of the Saudi debt market.
30/04/2025 16:26:16 -
The Securities Depository Centre Company (Edaa) Announces the Approval of the Amended Securities Depository Centre Rules and Procedures related to OTC Settlement for Listed Debt Instruments
The Securities Depository Centre Company (Edaa) announce the issuance of the Capital Market Authority Board resolution dated 30/10/1446H corresponding to 28/04/2025G approving the following: • The Amended Securities Depository Centre Rules (click here). In addition, the Securities Depository Centre Company (Edaa) announces the issuance of its Board of Directors resolution dated 17/10/1446H corresponding to 15/04/2025G approving the following: • The Amended Securities Depository Centre Procedures (click here). These amendments to the Securities Depository Centre Rules and Procedures aim to govern the OTC Settlement service for listed Debt Instruments. This service enables investors, through their custodians, to settle listed debt instruments using the Delivery versus Payment (DvP) mechanism. Settlement is conducted bilaterally between counterparties, outside the Trading System. It should be noted that the Amended Securities Depository Centre Rules and Procedures above shall be effective from its publishing date.
30/04/2025 16:15:54 -
Saudi Exchange Announces the Listing of “Service Equipment Co.”
Saudi Exchange announces the listing and trading shares of “Service Equipment Co.” on Nomu – Parallel Market on Sunday 04/05/2025, with the symbol 9633 and ISIN Code SA16A1A4MGH8, with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits. For more information about “Service Equipment Co.”, please (click here) to review the prospectus. For more information, please visit Nomu – Parallel Market page on our website by (clicking here).
30/04/2025 15:53:51 -
The Securities Depository Center Company (Edaa) Announces the Deposit of Service Equipment Co. Securities
The Securities Depository Center Company (Edaa) announces the addition of the subscribed securities in Service Equipment Co. today, 02/11/1446H, corresponding to 30/04/2025G into the Center’s Accounts of eligible securities’ holders.
30/04/2025 15:44:46