The Securities Depository Center Company (Edaa) Announces the Deposit of Dar Al Majed Real Estate Co. Securities

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• The Securities Depository Center Company (Edaa) Announces the Deposit of Dar Al Majed Real Estate Co. Securities

  The Securities Depository Center Company (Edaa) announces the addition of the subscribed securities in Dar Al Majed Real Estate Co. today, 17/03/1447H, corresponding to 09/09/2025G into the Center’s Accounts of eligible securities’ holders.

  09/09/2025 08:33:16

• The CMA Allows Crowdfunding of Debt Instruments through Capital Market Institutions Licensed for “Arranging” Activities

  The Capital Market Authority's (“CMA's") Board approved the regulatory framework enabling capital market institutions licensed for “arranging" activities to offer debt instruments in the sukuk and debt market through securities crowdfunding platforms. This framework follows the Experimental phase, which began in the second quarter of 2021, and it is now considered one of the activities that can be conducted under the license to practice securities business in arranging. The CMA also approved amendments to the Rules on the Offer of Securities and Continuing Obligations, the Rules for Special Purposes Entities, and the Capital Market Institutions Regulations, which will come into effect as of their publication date. The regulatory framework aims to increase the number of capital market institutions engaged in Fintech activities, as well as expanding the participation of capital market institutions in the offering of debt instruments through crowdfunding in securities. This contributes to deepening the debt instruments market and enhancing its attractiveness to issuers and investors, in alignment with the CMA's strategic objectives. Key approved elements include enabling capital market institutions to offer debt instruments in the Sukuk and Debt Instruments Market, with the requirement that they obtain an “Arranging" license to conduct the activity. This also allows firms holding a FinTech Experimental Permit or those interested in providing the activity to obtain the appropriate license to practice it as a capital market institution. The initiative supports the diversification and sustainability of corporate funding sources and facilitates broader investor access to debt instruments. According to the approved regulatory framework, capital market institutions are required to obtain an “Arranging" license in securities activities if they intend to conduct this type of offering. This enables them to offer debt instruments through securities crowdfunding platforms as one of the exempt offering cases in accordance with the Rules on the Offer of Securities and Continuing Obligations, with the possibility of using private placements to expand the scope and size of the targeted offering. Another key element of the framework includes the development of the requirements for registrable functions and the requirements for safeguarding client funds for capital market institutions licensed to conduct Arranging activities in the course of securities crowdfunding. FinTech companies authorized to practice the mentioned activity in the FinTech Lab will continue operating until the expiry of their permits. Afterwards, they may apply for the appropriate license to conduct the activity in accordance with the provisions of the adopted regulatory framework. It should be noted that new applications to conduct this activity in the FinTech Lab will no longer be accepted at CMA, unless they involve an innovative aspect requiring testing, in light of the issuance of the regulatory framework enabling its practice by capital market institutions. It is worth noting that debt offering and investment model witnessed growing activity during their Experimental phase in the FinTech Lab, recording remarkable growth in 2024. The value of sukuk issued through them rose to approximately SAR 3.4 billion compared to SAR 1.5 billion in 2023. The number of permits granted to practice this model also increased to 17, up from 14 in the previous year. This approval comes as part of efforts to enhance the debt instruments market and broaden its investor base by enabling capital market institutions licensed to conduct arranging activities to offer debt instruments through securities crowdfunding platforms. It forms part of the draft titled “Regulatory Framework for Debt Instruments Offering Platforms and Investing in Them", which was previously published by the CMA on March 20, 2025, the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated to the National Competitiveness Center and the CMA's website for public consultation for a period of (30) calendar days. To view the amended regulations and rules pursuant to this decision, please click on: The Rules on the Offer of Securities and Continuing Obligations The Rules for Special Purposes Entities The Capital Market Institutions Regulations

  08/09/2025 22:36:01

• The CMA Approves a Project to Enhance the Governance of Special Purpose Entities and Streamline Their Procedures

  The Capital Market Authority's (CMA's) Board approved a set of amendments aimed at enhancing the governance of special purpose entities and streamlining their regulatory procedures. The amendments will take effect as of their publication date, with a grace period granted for compliance with certain approved provisions. The amendments aim to enhance the attractiveness of special purpose entities as legal Entity for issuing debt instruments and investment units by facilitating their establishment procedures and enabling securitization transactions through them, thereby contributing to the development of the sukuk and debt market and supporting the growth of the asset management industry. These changes are expected to positively impact market liquidity and create new investment opportunities. According to the approved amendments, one of the key enhancements focused on broadening the base of issuers with respect to the legal form of the sponsor of a special purpose entity, provided that this does not conflict with the laws and regulations applicable to the entity's activity. The amendments also allowed the entity to issue debt instruments through an exempt offering, in addition to the currently available options of public and private offerings. Moreover, among the amendments was enabling special purpose entities to carry out securitization transactions by adding a dedicated chapter on the originator in securitization operations to the Rules for Special Purposes Entities. The scope of the approved amendments also included clarifying the authorities of board members of entities issuing debt instruments, as well as the authorities of the investment fund manager when the fund is structured as a special purpose entity under the articles of the By-Laws. In addition, the approved amendments enhanced the governance of special purpose entities, including assigning the trustee the responsibility of representing the interests of debt instrument holders and developing the provisions related to their dismissal. They further introduced a requirement for the independence of board members of the entity from both the sponsor and the originator, and developed the procedures for dissolving the entity. Special purpose entities licensed prior to the publication date of the amended rules must submit the By-law to the CMA in accordance with the updated and approved template available on the Forms page of the CMA's official website, within a period not exceeding (180) days from the date of publication of this announcement. Additionally, special purpose entities licensed prior to the publication date of these rules are granted a grace period of ninety (90) days from the date of publication to comply with paragraphs (b) and (c) of Article 20 of these rules. The number of licensed special purpose entities recorded significant growth by mid-2025, reaching a total of 1,239 entities, an increase of 87.2% compared to mid-2024. This growth in the number of licenses is attributed to the expansion of FinTech companies authorized to offer debt instrument offerings under the FinTech Lab framework, in addition to the growing interest from small and medium-sized enterprises in leveraging these instruments as effective and alternative financing channels. This follows the CMA's publication of the “Draft to Enhance the Governance of Special Purpose Entities and Facilitate Their Procedures" on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated to the National Competitiveness Center and the CMA's website for public consultation for a period of (30) calendar days. The amended Rules for Special Purposes Entities and the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be accessed through the following links: Amended Rules for Special Purposes Entities The Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority

  08/09/2025 22:27:05

• The Capital Market Authority approves the capital increase request for CHUBB Arabia Cooperative Insurance Company through the issuance of bonus shares

  The CMA has issued its resolution approving CHUBB Arabia Cooperative Insurance Company’s request to increase its capital from SAR (300,000,000) to SAR (400,000,000) through issuing (1) bonus share for every (3) 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 (52,000,000) from “Retained earnings” account and an amount of SAR (48,000,000) from the “Statutory Reserve” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (30,000,000) shares to (40,000,000) shares, by an increase of (10,000,000) 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.

  08/09/2025 22:03:31

• The Capital Market Authority approves the capital increase request for Saudi Reinsurance Company through the issuance of bonus shares

  The CMA has issued its resolution approving Saudi Reinsurance Company’s request to increase its capital from SAR (1,158,300,000) to SAR (1,698,100,000) through issuing (4) bonus share for every (9) 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 (539,800,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (115,830,000) shares to (169,810,000) shares, by an increase of (53,980,000) 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.

  08/09/2025 21:58:51