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SAUDI EXCHANGE COMPANY ANNOUNCES THE APPROVAL OF THE AMENDED LISTING RULES
The Saudi Exchange announces that the Capital Market Authority’s Board has issued its resolution Dated 4/4/1446H corresponding to 7/10/2024G approving the following:
The aim of these amendments is to facilitate listing requirements for debt instruments by reducing the minimum issuance size for Sukuk and Bonds, and excluding Debt Instruments issued by the Kingdom’s development funds and banks and sovereign funds by way of exempt offer in accordance with the Rules on the Offer of Securities and Continuing Obligations from the provisions of part 3 of the Amended Listing Rules, this contributes to stimulating the issuance of sukuk and bonds and activating the debt capital market as one of the main channels for financing business and the economy, without compromising the level of investor protection.
It should be noted that the Amended Listing Rules shall be effective starting from its publishing date.
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