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The Securities Depository Center (Edaa) Announces the Deposit of Sumou Real Estate Co. Securities
The Securities Depository Center Company (Edaa) announces the addition of subscribed securities in Sumou Real Estate Co. today, 14/09/1441H corresponding to 07/05/2020G into the Center’s Accounts of eligible securities’ holders.
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The Capital Market Authority announces the Approval on the Registration and the Initial Public Offering of Petrolube Oil Company’s Shares
The Capital Market Authority ("CMA") Board has issued its resolution dated 12/10/1447H corresponding to 31/03/2026G approving Petrolube Oil Company's ("the company") application for the Registration and the offering of (9,000,000) shares representing (30%) of the Company's share capital. The Company’s prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the Company's financial statements, activities and management. A subscription decision without reading the prospectus carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the prospectus, which includes detailed information on the company, the offering and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in the offering, taking into consideration the associated risks. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision. The CMA’s approval on the application should never be considered as a recommendation to subscribe in the offering of any specific company. The CMA's approval on the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met. The CMA’s approval on the application shall be valid for (6) months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the Company's shares are not completed within this period.
31/03/2026 20:12:15 -
The Capital Market Authority Announces the Approval on the Registration and Offering shares of MSGA investment company in the Parallel Market
The Capital Market Authority "CMA" Board has issued its resolution dated 12/10/1447H corresponding to 31/03/2026G approving MSGA investment company "the Company" application for the registration and offering of (11,111,111) shares representing (10%) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision. The CMA’s approval on the application should never be considered as a recommendation to invest in the offering or shares of the company. The CMA’s approval on the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met. The CMA’s approval on the application shall be valid for 6 months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the Company's shares are not completed within this period.
31/03/2026 20:03:26 -
The Saudi Exchange announces Indices Maintenance for the 1st Quarter 2026
The Saudi Exchange announces the update of the free float shares for all listed issuers in the main market and the parallel market (NOMU), effective from the start of trading on Sunday, 05/04/2026. Moreover, the following companies will be included in the Saudi Exchange indices: 1. Nofoth Food Products Co. (2288), Tadawul All Share Index (TASI) and Food & Beverages index. 2. Alwasail Industrial Co. (4148), Tadawul All Share Index (TASI) and Capital Goods index. 3. Saleh Abdulaziz Al Rashed and Sons Co. (1324), Tadawul All Share Index (TASI) and Materials index. 4. Khaled Dhafer and Brothers for Logistics Services Co. (9653), Parallel Market Capped Index (NomuC).
30/03/2026 15:30:28 -
CMA Announces the Approval of Public Offering of " Al Rajhi Namaa Fund”
The CMA has issued its resolution approving the public offer, by "Al Rajhi Capital”, of “Al Rajhi Namaa Fund” An investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information. The CMA's approval of the fund should never be considered as a recommendation to subscribe in the fund, The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
29/03/2026 16:43:33 -
CMA: Obligating the CEO and Some Employees of Abdullah A. M. Al-Khodari Sons Company to Pay Approximately SAR 85 Million in Compensation in the Two Class Actions Filed Against Them
Further to the CMA’s announcement published on its website on 28/03/2025 regarding the issuance of two decisions by the Committee for Resolution of Securities Disputes (CRSD) approving the two class actions filed by an investor (the main Claimant) against the CEO and some employees of Abdullah A. M. Al-Khodari Sons Company (the “Company”), namely: Fawaz bin Abdullah bin Abdulmohsen Alkhodari, Sohail Sa’eed Mohammed Sa’eed, and Kailash Nath Sadangi following the issuance of final decisions convicting them of violating the Capital Market Law and its Implementing Regulations, the CMA announces the issuance of two decisions by the Appeal Committee for Resolution of Securities Disputes (ACRSD) obligating the respondents to pay approximately SAR 85 million to the affected investors who joined the two class actions approved on the above-mentioned date, in accordance with each claimant’s entitlement as determined by the CRSD and upheld by the ACRSD. The ACRSD had previously convicted the violators in two separate decisions for inflating the revenues in the Company's financial statements during the financial period extending from the fiscal year ending on 31/12/2010 to the fiscal year ending on 31/12/2017, which were announced during the period from 16/02/2011 to 31/03/2018, showing the annual financial statements of the fiscal period under violation being untrue, hence creating a false and misleading impression regarding the value of the Company's security, which were proven later on that such financial statements are false based on the announcement of the Company prior to market opening on 13/02/2019, indicating that the Company endured accumulated losses which reached (198.52%) of its capital. The ACRSD also announced in its final decisions at the time the CEO’s responsibility for the Company's announcement published on the website of the Saudi Exchange (Tadawul) on 05/06/2018 that included a false statement regarding a substantial event (Amending the Recommendation of the Company's Board of Directors for the Extraordinary General Assembly to Increase its Capital by Granting New Shares against the Liabilities of the Company), and dismissing the disclosure of cancelling the award of (10) projects and withdrawing them from the Company during the period of 30/05/2017 to 31/01/2020, in an attempt to affect the security's price or urge others to purchase the security. The CMA affirms that investor confidence represents a fundamental pillar for the growth and development of the capital market. The CMA has been keen to activate various tools that facilitate litigation mechanisms and enhance their effectiveness, including the regulation of class actions in disputes involving a large number of investors with unified legal positions and similar facts and legal issues under consideration. This approach is aligned with the nature of the capital market and its broad investor base, contributes to reducing the time required to adjudicate investor compensation cases, enhances the efficiency of the relevant committees, and at the same time, strengthens the unification and focus of investors’ efforts within a more effective and organized procedural framework. Details of the announcement can be found as published on the official website of GS-CRSD through the following link: Announcement of the GS-CRSD – click here
26/03/2026 18:04:52