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The Saudi Exchange Company Amends Tick Size Bands of Securities
The Saudi Exchange Company announces amendments to the structure of its minimal incremental price movement bands, or “tick size” bands, for Main Market and Nomu-Parallel Market securities, excluding debt instruments.
These changes bring the Saudi Exchange more in line with global best practice and come into effect on 29/06/2025G corresponding to 04/01/1447H.
The new structure introduces expanding the applicability of smaller tick size bands, in addition to an additional band for securities priced at SAR 500 and above to maintain an appropriate range of spreads across price bands.
To learn more about amendments to tick size bands, please click here: LINK
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CMA: Conviction of 10 Investors for Violating the Capital Market Law and its Implementing Regulations, Fining Them SAR 860 K, and Obligating Them and Other Investors to Pay Over SAR 96 Million
The Capital Market Authority (CMA) announces the issuance of the Appeal Committee for Resolution of Securities Disputes’ (ACRSD) final decision against ten investors for violating Article (49.a) of the Capital Market Law and Article (2.a) of the Market Conduct Regulations. They were fined a total of SAR 860,000 and obligated, along with other investors, to pay more than SAR 96 million against illegal gains resulting from these violations. According to the decision of the ACRSD, the following individuals were convicted: Ibrahim bin Abdullah bin Muhammad Aljunaidli, Ahmad bin Ali bin Sulaiman Alyahya, Ismail bin Saleh bin Muhammad Alhathlol, Khaled bin Abdullah bin Shlash Alshlash, Daham bin Muhammad bin Hamoud Aldaham, Abdulrahman bin Abdullah bin Abdulrahman Aloraini, Abdulmalik bin Abdulaziz bin Suliman Alsukait, Ali bin Saleh bin Ali Alothaim, Majed bin Romi bin Sulaiman Alromi, and Sulaiman bin Muhammad bin Saleh Alothaim, of violating Article (49.a) of the Capital Market Law and Article (2.a) of the Market Conduct Regulations, for their act solely and collectively of entering purchase and sale orders with the aim of influencing the share price, and entering sale orders with the aim of achieving higher closing bid price, when trading on the shares of Dar Alarkan Real Estate Development Co. during the period between 03/02/2019 until 12/05/2020, through their portfolios or other portfolios that they manage. Such acts and practices constituted manipulation and fraud, and created a false and misleading impression regarding the security of the abovementioned Company. The ACRSD, in its final decision, obligated the ten convicted individuals to pay SAR 64.2 million against illegal gains achieved in their investment portfolios as a result of the violations for which they were convicted. In addition, a number of investors were obligated to pay a total amount of SAR 31.9 million to the CMA’s account, against the illegal gains achieved in their portfolios that resulted from the illegal trading committed by the convicted persons: Ismail bin Saleh bin Muhammad Alhathlol, Ali bin Saleh bin Ali Alothaim, and Majed bin Romi bin Sulaiman Alromi, or as a result of benefiting from such illegal trading. Additionally, the ACRSD ruled to impose a fine of SAR 860 thousand on the convicted individuals and banned all of them from trading by purchasing shares, directly or indirectly, in the capital market for periods ranging from two to three years. The CMA explained that the final decision of ACRSD came as a result of joint coordination and cooperation between the CMA and relevant concerned authorities, and in light of the public penal lawsuit filed by the Public Prosecution, referred to it by the CMA, against the investors for violating the Capital Market Law. The CMA stresses the importance of investors' confidence in the capital market for its growth and prosperity. The CMA continuously monitors any violating behaviors, identifies the perpetrators, and processes the necessary procedures to impose deterrent penalties against them, in order to enhance the CMA's efforts aimed at creating an attractive investment environment for all categories of investors and safe from unfair or unsound practices or that involve fraud, cheating, misleading, deception or manipulation. Furthermore, any person affected by these violations, in this case, is entitled to file a compensation claim (as individual or class action) against the convicted persons with the Committee for Resolution of Securities Disputes (CRSD) for the damage he/she suffered from due to these violations, provided that such claim is preceded by a complaint filed with the CMA on this regard, via the following link: (File Complaint). Furthermore, the General Secretariat of the Committee for Resolution of Securities Disputes (GS-CRSD) will announce to the public on its website in case of registering any class action in order to enable the rest of investors affected by such violations to apply to the CRSD to join the class action. The CMA indicated that the GS-CRSD announced to the public on its website the identity of the violators after the violations and sanctions were proven and the final decision was issued by ACRSD. It can be viewed through the following link (Announcement link)
26/06/2025 17:07:12 -
The Saudi Exchange Company Announces an Enhanced Stock Split Process
The Saudi Exchange Company announces changes to its trading and membership procedures to enhance the trading process for shares resulting from stock splits implemented by companies listed on the Saudi Exchange. Ensuring that changes in share quantities and it’s prices are reflected in investors' portfolios immediately. The adjusted shares will be available for trading by the exchange members from the first trading session after the stock split decision is approved. This process enhancement will support investors in making faster, more informed investment decisions, ensuring that there is no misalignment in the share price and share quantity of a stock during a stock split. This improvement includes many benefits for investors, most notably: • Immediate reflection of the adjusted share quantity and price from the first trading session after the stock split decision is approved. This will be reflected in investors’ portfolios. • Adjusted stocks will be tradeable from the first trading session after the stock split decision approval date. • More efficient portfolio tracking and management on the day of the stock split for investors. • Alignment with global best practices. This enhancement is operational in nature and does not impact the procedure of stock splits or its requirements for listed companies. Issuers intending to split their stocks can continue to do so without any change to existing mechanisms. This enhancement is part of the Saudi Exchange’s broader efforts to modernize market infrastructure in line with global best practices. For more information about the enhanced stock split process, please visit [link].
26/06/2025 16:41:16 -
The Saudi Exchange Company Announces the Cancellation of the Outstanding Orders For Securities Listed In the Main and Nomu - Parallel Market In Conjunction With The Implementation of Amended Tick Size Bands
Following the announcement of The Saudi Exchange Company on [xx], corresponding to [xx] regarding Amending Tick Size Bands of Securities, The Saudi Exchange Company announces the cancellation of all outstanding orders after the end of trading day and after market close 26/06/2025G corresponding to 1/1/1447H, in preparation for the implementation of the Amended Tick Size Bands. For the previous announcement about Amendments to Equity Tick Size Bands please click: Here
26/06/2025 16:31:38 -
The Saudi Exchange Company Amends Tick Size Bands of Securities
The Saudi Exchange Company announces amendments to the structure of its minimal incremental price movement bands, or “tick size” bands, for Main Market and Nomu-Parallel Market securities, excluding debt instruments. These changes bring the Saudi Exchange more in line with global best practice and come into effect on 29/06/2025G corresponding to 04/01/1447H. The new structure introduces expanding the applicability of smaller tick size bands, in addition to an additional band for securities priced at SAR 500 and above to maintain an appropriate range of spreads across price bands. To learn more about amendments to tick size bands, please click here: LINK
26/06/2025 16:21:26 -
Saudi Exchange Company Announces the Approval of the Amended Exchange Rules and Procedures
The Saudi Exchange Company announces the issuance of the Capital Market Authority Board resolution dated 02/11/1446H corresponding to 30/04/2025G approving the following: • The Amended Listing Rules (click here) . • The Amended Procedures for Trading in Suspended Listed Companies’ Shares Over the Counter (click here). • The Amended Procedures of Suspending the Trading of Listed Securities in Accordance to the Listing Rules (click here). In addition, the Saudi Exchange Company announces the issuance of its Board of Directors resolution dated 08/10/1446H corresponding to 06/04/2025G approving the following: • The Amended Trading and Membership Procedures (click here). The amendments to the Exchange Rules and Procedures aim to solve the impact of splitting the nominal value of listed companies' shares, in addition to enhancing the market efficiency through amending tick sizes in the Main and Parallel Markets except debt instruments in line with market dynamics. It should be noted that the Amended Rules and Procedures shall be effective starting from its publishing date, while the effective dates for the following paragraphs will be as the following: • subparagraph (8) of paragraph (c) of Article 37 of the Amended Listing Rules and subparagraph (6) of paragraph (a) of scope and application of the Amended Procedures of Suspending the Trading of Listed Securities in Accordance to the Listing Rules will be effective from its publishing date until the date of 05/01/1447AH corresponding to 30/06/2025G. • The entry into force of paragraph (3-12) of article (3) of the Amended Trading and Membership Procedures will be on 06/01/1447AH corresponding to 01/07/2025G. • The entry into force of the content of table (2) of subparagraph (8-1-1) of article (8) of the Amended Trading and Membership Procedures will be on 04/01/1447AH corresponding to 29/06/2025G.
26/06/2025 16:11:37