The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on Foods Gate Trading Co. Securities

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• Announcement from the Saudi Exchange regarding the transfer approval of Obeikan Glass Co. Shares to the Main Market

  The Saudi Exchange announces the issuance of its resolution dated 04/01/1447H, corresponding to 29/06/2025G approving Obeikan Glass Co. request to transfer from Nomu - Parallel Market to the Main Market, with a capital of SAR 320,000,000 and 32,000,000 shares. The company's shares will continue to be traded in Nomu - Parallel market until the end of the period for publishing the transfer document, accordingly, the issuer must publish the transfer document within three trading sessions following the announcement of Saudi Exchange's approval of the transfer request. The transfer document will be available to the public for viewing on the websites of the issuer, Saudi Exchange and the financial advisor for a period of ten trading sessions. Accordingly, the trading of the issuer's shares will be ceased starting from the day following the end of the period for publishing the transfer document for a period not exceeding five trading sessions, and the transfer procedures will begin. Saudi Exchange will also announce the cease of trading the shares and start date of listing the issuer's shares in the main market as soon as the procedures are completed. Investors must search and study the information disclosed and the information mentioned in the transfer document. In the event that it is not possible to understand the contents of the transfer document, it is preferable to consult an authorized financial advisor before making any investment decision. The Saudi Exchange’s approval of the transition request should never be considered as a recommendation to invest in the company shares. The Saudi Exchange’s approval of the transition request merely means that imposed requirements as per the Listing Rules were met by the company.

  29/06/2025 08:54:07

• Announcement from the Saudi Exchange regarding the transfer approval of Saudi Azm for Communication and Information Technology Co. Shares to the Main Market

  The Saudi Exchange announces the issuance of its resolution dated 04/01/1447H, corresponding to 29/06/2025G approving Saudi Azm for Communication and Information Technology Co. request to transfer from Nomu - Parallel Market to the Main Market, with a capital of SAR 30,000,000 and 60,000,000 shares. The company's shares will continue to be traded in Nomu - Parallel market until the end of the period for publishing the transfer document, accordingly, the issuer must publish the transfer document within three trading sessions following the announcement of Saudi Exchange's approval of the transfer request. The transfer document will be available to the public for viewing on the websites of the issuer, Saudi Exchange and the financial advisor for a period of ten trading sessions. Accordingly, the trading of the issuer's shares will be ceased starting from the day following the end of the period for publishing the transfer document for a period not exceeding five trading sessions, and the transfer procedures will begin. Saudi Exchange will also announce the cease of trading the shares and start date of listing the issuer's shares in the main market as soon as the procedures are completed. Investors must search and study the information disclosed and the information mentioned in the transfer document. In the event that it is not possible to understand the contents of the transfer document, it is preferable to consult an authorized financial advisor before making any investment decision. The Saudi Exchange’s approval of the transition request should never be considered as a recommendation to invest in the company shares. The Saudi Exchange’s approval of the transition request merely means that imposed requirements as per the Listing Rules were met by the company.

  29/06/2025 08:54:01

• The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on Foods Gate Trading Co. Securities

  The Securities Depository Center Company (Edaa) announces implementing securities quantity Increase for Foods Gate Trading Co. on the Center’s Accounts of eligible securities’ holders today 04/01/1447H, corresponding to 29/06/2025G.

  29/06/2025 08:49:51

• 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