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The Capital Market Authority Licenses Asas Gulf Capital Company to Conduct Arranging and Advising Activities in the Securities Business and its Completion of the Commencements of Business Requirements
In accordance to the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its Implementing Regulations, the Capital Market Authority announces that Asas Gulf Capital Company has completed the commencements of business requirements to conduct Arranging and Advising Activities in the Securities Business licensed as per CMA resolution dated 08/01/1446H corresponding to 14/07/2024G.
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The Capital Market Authority approves the capital increase request for National Shipping Company of Saudi Arabia through the issuance of bonus shares
The CMA has issued its resolution approving National Shipping Company of Saudi Arabia's request to increase its capital from SAR (7,382,812,500) to SAR (9,228,515,620) through issuing (1) bonus share for every (4) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (1,845,703,120) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (738,281,250) shares to (922,851,562) shares, by an increase of (184,570,312) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
27/05/2025 17:56:09 -
The Capital Market Authority approves the capital increase request for Saudi Lime Industries Company through the issuance of bonus shares
The CMA has issued its resolution approving Saudi Lime Industries Company's request to increase its capital from SAR (220,000,000) to SAR (231,000,000) through issuing (1) bonus share for every (20) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (11,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (22,000,000) shares to (23,100,000) shares, by an increase of (1,100,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
27/05/2025 17:52:11 -
CMA Announces the Approval of Public Offering of " Alinma Free-Style Equity Fund”
The CMA has issued its resolution approving the public offer, by "Alinma Capital”, of " Alinma Free-Style 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.
27/05/2025 17:48:30 -
The CMA Approves the Guidelines for Issuing Green, Social, Sustainable, and Sustainability-Linked Debt Instruments
The Capital Market Authority's (CMA's) Board has approved the Guidelines for Issuing Green, Social, Sustainable, and Sustainability-Linked Debt Instruments, which will come into effect starting from 27/05/2025. The CMA's approval of the Guidelines is based on its role in implementing the Sustainability Strategy established by the Ministerial Committee for Corporate Sustainability Strategy, in collaboration with various relevant public and private sector entities. This is in line with the CMA's strategic objectives in its 2024-2026 plan, which relates to developing the sukuk and debt instruments market. The Guideline is one of the key deliverables of the initiative titled “Establish the Regulatory Framework for sustainable debt instrument" which is among the main initiatives within the CMA's plan. It aims to encourage local issuances and deepen the debt market, thereby positively contributing to financing the national economy and supporting the achievement of the Financial Sector Development Program's targets under Saudi Vision 2030. The CMA reaffirmed that issuers of debt instruments remain subject to all applicable rules governing the offering of securities and ongoing obligations under the Capital Market Law and its Implementing Regulations. While the provisions of this Guideline are of a guiding nature, issuers of green, social, sustainable, or sustainability-linked debt instruments denominated in Saudi Riyals and offered through private or public placement in the Kingdom must disclose any instances of non-compliance with its provisions. Such disclosure must be included in the debt instruments issuance framework document or the Offering documents. Moreover, the Guideline does not entail any changes to the regulatory rules and procedures currently in place in the capital market. The CMA also clarified that the debt instruments covered by the Guideline include those whose offering proceeds are used to finance or refinance projects that contribute to achieving a positive environmental impact, generate social benefits, or combine both environmental and social advantages. The Guideline outlines definitions for four categories of debt instruments: green debt instruments, social debt instruments, sustainable debt instruments, and sustainability-linked debt instruments. Green, social, and sustainable debt instruments, along with sustainability-linked debt instruments, are all considered types of debt instruments. However, the first three types are characterized by the specific and exclusive allocation of their offering proceeds to projects that generate a positive impact on the environment and society. In contrast, the proceeds from sustainability-linked debt instruments are used for the issuer's general purposes, and the use of proceeds is not a determining factor in their classification. Globally, sustainability linked assets have experienced significant growth, reaching a value of USD 3.52 trillion by the end of last year, an increase of approximately 92.7% compared to 2020. Meanwhile, the volume of green bonds surpassed USD 580 billion by the end of 2023, reflecting the growing global interest in and adoption of sustainable investing, as well as the increasing focus on financing projects that generate a positive environmental impact. In the Saudi capital market, the number of companies disclosing their sustainability practices rose to 94 in 2024, up from 81 the previous year, driven by the broader adoption of sustainable disclosure among listed companies. Among the top 100 companies listed on the Saudi Main Market, the sustainability disclosure rate increased to 65% in 2024, compared to 58% in 2023—demonstrating a growing commitment to transparency and sustainability principles. The Guideline also offers investors the opportunity to invest in this type of debt instrument, allowing them to contribute to sustainable development while earning returns on their investments. The CMA aims to help build a more sustainable future and address environmental and social challenges by enabling diverse issuances that encourage local offerings and deepen the debt market. This is achieved by reinforcing the principle of transparency, enhancing disclosure standards, and expanding financing channels through the capital market, aligning with global practices and keeping pace with rapid developments in the field. The Guidelines can be accessed through the following link: Guidelines for Issuing Green, Social, Sustainability, and Sustainability-Linked Debt Instruments
27/05/2025 17:35:49 -
The Capital Market Authority Refers Number of Suspects to the Public Prosecution
The Capital Market Authority (CMA) Board issued its resolution to refer number of suspects to the Public Prosecution on suspicion of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations, for their involvement in influencing the outcome of the share offering of National Building and Marketing Co. (“the company”) on the Parallel Market, with the aim of creating a false and misleading impression regarding the security and the company’s fulfillment of the liquidity requirements necessary for listing on the Parallel Market. Additionally, their involvement in executing transition and transactions, in order to fraudulently meet the eligibility criteria for the transition to the main market. The CMA emphasizes to all market participants that unlawful practices involving fraud, deception, misrepresentation, and manipulation constitute violations that subject perpetrators to legal accountability and the imposition of penalties under the Capital Market Law and its implementing regulations. The CMA underscores its commitment to pursuing those who manipulate the capital market by monitoring their transactions, utilizing its authority under the Capital Market Law, and fulfilling its responsibility to protect citizens and investors from unfair or improper practices. The CMA is dedicated to ensuring justice, efficiency, and transparency in securities transactions. It is worth noting that the General Secretariat of Committees for Resolution of Securities Disputes will announce to the public the identities of convicted violators on its website upon the issuance of final decisions by the Committee for the Resolution of Securities Disputes regarding criminal cases. Moreover, any person affected by these violations is entitled to file a compensation claim, after conviction, against the violators before the Committee for the Resolution of Securities Disputes, provided that such claim is preceded by a complaint filed with the CMA (via this link) in this regard.
26/05/2025 20:15:36