The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on National Shipping Company of Saudi Arabia Securities

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• The CMA Approves Regulation for the Enforcement of Close-Out Netting and Related Financial Collateral Arrangements in the Event of Default by Qualified Financial Contract Parties

  The Capital Market Authority's (CMA's) Board approved the Close-out Netting and related Collateral Arrangements Regulation, which aims to regulate netting agreements and their related financial collateral arrangements where one of the parties is a capital market institution. The regulation will take effect as of its publication date. The regulation primarily aims to enhance the stability of the financial system and protect investors by ensuring the enforceability of a qualified financial contracts involving a capital market institution in the event of default by either party. This framework is designed to safeguard the rights of all parties involved, in accordance with the provisions outlined in the netting agreement between them. The approved provisions outline measures for handling the default of a party to a netting agreement or other specific cases outlined in the regulation, provided that one of the parties involved is a capital market institution. The aim is to regulate these agreements and related financial collateral arrangements linked to one or more qualified financial contracts that fall under the regulatory oversight of the CMA. This ensures the enforceability of such agreements for all parties, even in the event of any changes to the conditions under which the qualified financial contract was originally executed. Ultimately, this contributes to strengthening the stability and sustainability of the financial sector in Saudi Arabia and enhancing the overall capital market framework. The approved regulation includes several provisions governing close-out netting and associated collateral arrangements, along with definitions of key terms outlined in the regulation. It also sets out financial collateral arrangements, specifies the scope of application, identifies the entities subject to the regulation, and defines qualified financial contracts and transactions that would be exempt from the provisions of the Bankruptcy Law. The CMA also seeks, through approved regulation, to keep pace with international developments in accordance with the best global practices, especially in light of the interest of the International Swaps and Derivatives Association (ISDA), which has issued many guidelines and models to enhance Close-Out Netting practices and legislation in different countries, to confirm the enforceability of qualified financial contracts, and not to be affected by any subsequent change in the status in which they were concluded, which may include the opening of any bankruptcy procedures, and to ensure the implementation of the provisions and terms contained in those contracts. On February 24, 2025, the Capital Market Authority published the “The Draft Regulatory Framework for Close-Out Netting for Capital Market Institutions" 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 Close-out Netting and related Collateral Arrangements Regulation can be accessed through the following links: The Close-out Netting and related Collateral Arrangements Regulation

  03/07/2025 18:39:52

• Edaa Launches Omnibus Accounts for Traded Securities in the Saudi Capital Market

  The Securities Depository Center Company “Edaa” announces the launch of Omnibus Accounts for traded securities to enhance the Saudi capital market’s attractiveness and operational efficiency for Asset Managers. Omnibus accounts offer a powerful mechanism that introduces efficiency into transaction processing for Asset Managers by combining multiple investors into a single account managed by the Asset Manager, simplifying their investment experience. Through this latest initiative, Edaa is enhancing its custody model, With the aim of enabling asset managers to manage investors' assets more efficiently. For more information about the Omnibus Accounts for Traded Securities, please visit [link].

  03/07/2025 15:53:42

• The Securities Depository Center Company (Edaa) announces the approval of the amended Securities Depository Center Rules and Procedures, along with the amendment of the Glossary of Defined Terms Used in the Exchange Rules, related to the Omnibus Account framework for tradable securities.

  The Securities Depository Centre Company (Edaa) announces the issuance of the Capital Market Authority Board resolution dated 28/11/1446H corresponding to 26/05/2025G approving the following: • The amended Securities Depository Centre Rules (Click here). • The amended Glossary of Defined Terms Used in the Exchange Rules (Click here). And the issuance of its Board resolution dated 14/11/1446H corresponding to 12/05/2025G approving the following: • The amended Depository Centre Procedures (Click here). The Amendments to the Securities Depository Centre Rules and Procedures and the Glossary of Defined Terms used in the Exchange Rules aimed to enhance the capital market by regulating and introducing Omnibus Accounts for tradable securities for asset managers, while also clarifying the operational mechanisms for such accounts. It should be noted that the amended Rules, Procedures and Glossary shall be effective starting from its publishing date.

  03/07/2025 15:52:36

• The Saudi Exchange announces the beginning of the subscription period and tradable rights trading for ACWA POWER Co.

  The Saudi Exchange announces the beginning of the subscription period and tradable rights trading for ACWA POWER Co. , which starts on Sunday 2025/07/06 G. The trading period shall end on Sunday 2025/07/13G, while subscription will remain until Wednesday 2025/07/16 G. To view the tradable right's intrinsic value and the daily tradable rights fluctuation limits after the end of the trading session Click Here. It is important to note that the fluctuation limits for trading tradable rights are different from the company's fluctuation limits of share price. For more information about tradable rights Click Here.

  03/07/2025 15:32:52

• The Securities Depository Center Company (Edaa) Announces the Deposit of ACWA POWER Co. Tradable Rights

  The Securities Depository Center Company (Edaa) announces the deposit of ACWA POWER Co. tradable rights into the Center’s Accounts of eligible securities’ holders today 08/01/1447H, corresponding to 03/07/2025G.

  03/07/2025 08:49:59