The Securities Depository Center (Edaa) Announces Implementing a Corporate Action on Abdullah Al-Othaim Markets Co. Securities

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• The CMA Approves the Establishment of Simplified Investment Funds

  The Capital Market Authority (“CMA's") Board approved enabling the establishment of Simplified Investment Funds through the publication of the Instructions of Simplified Investment Funds. The approved Instructions aim to establish the regulatory framework for the formation of highly flexible investment funds characterized by lower costs associated with establishment and management, and greater flexibility in fund structuring and in regulating the contractual relationship between the fund manager and investors, thereby contributing to meeting the investment needs of the target client segment for these funds. The Instructions of Simplified Investment Funds address a number of challenges faced by investment funds in the Kingdom, and contribute to enhancing alignment between the provisions of the Investment Funds Regulations and the practices proposed by fund managers, as the approved Instructions introduce a higher degree of flexibility, which constitutes their most notable feature. The key provisions of the approved Instructions include regulating the offering of units of Simplified Investment Funds to institutional clients, provided that they are managed by a fund manager licensed by the CMA to conduct Investment Management or Investment Management and Fund Operation activities. The approved Instructions also remove the requirement to review the offering application within 15 days, which was one of the requirements under the Investment Funds Regulations, provided that the CMA must be notified prior to the proposed date for offering the fund. The Instructions also remove the requirement to appoint a custodian for this type of fund where it takes the form of a Special Purpose Entity. The regulatory framework also introduces greater flexibility in determining the key provisions governing the contractual relationship between the fund manager and unitholders (for example, the rules for the fund's termination and liquidation, the characteristics of the issued unit classes, the mechanism and content of reporting to unitholders, the policies and authorities for amending the fund's terms and conditions, as well as the policy for unitholders' meetings). The adopted provisions have been designed to align with relevant international best practices and draw on models applied in alternative investment funds in a number of countries, in a manner that keeps pace with the development of the financial sector and the diverse needs of investors. The solutions introduced by the approved Instructions will contribute to diversifying investment products in the Saudi capital market by providing a new investment channel that supports the needs of institutional clients to establish investment funds. This is expected to have a positive impact on the growth of assets under management, particularly private equity and venture capital funds, in light of the flexibility granted to this type of investment fund. It is worth noting that the value of investment fund assets in the Saudi market reached SAR 884.45 billion by the end of Q4 2025, recording a growth of 26.5% compared to SAR 699.06 billion in Q4 2024. The CMA had previously published, on 7 October 2025, the “Draft Instructions of Simplified Investment Funds and Amendments of the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority” on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated with the National Competitiveness Center and the CMA's website. The Instructions of Simplified Investment Funds and the amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be accessed through the following links: The Instructions of Simplified Investment Funds The Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority

  08/03/2026 20:07:49

• The Capital Market Authority Approves the Regulation of Robo-Advisory Services

  The Capital Market Authority (“CMA's") Board has approved amendments to the Capital Market Institutions Regulations, which include regulating the provision of robo-advisory services using algorithms and modern technological tools to manage clients' investments in accordance with pre-determined investment strategies. These services shall be provided through Capital Market Institutions licensed to conduct Managing Investments activities, or Managing Investments and Operating Funds activities, following the pilot implementation of such services by authorized Fintech companies within the FinTech Lab, and allowing their provision by Capital Market Institutions licensed to conduct investment management activities. The approved amendments aim to enhance market efficiency and expand the scope of financial services delivered through modern technologies, by providing innovative and effective solutions for investors and opening new investment channels that cater to different investor segments, particularly individual investors. The approved regulatory amendments include a number of requirements aimed at ensuring the safety and efficiency of services provided through robo-advisory, whereby Capital Market Institutions are required to notify the CMA in advance of the strategies adopted in constructing and managing investment portfolios, as well as any material updates, prior to making them available to clients on the platform. The amendments also require Capital Market Institutions to establish supervisory systems and procedures that ensure the integrity and efficiency of the algorithms and technologies used, and to conduct periodic testing to verify the reliability and effectiveness of such technologies in achieving their intended objectives, at least ten days prior to offering the service to clients on the platform. The approved amendments permit Capital Market Institutions licensed to conduct Managing Investments activities, or Managing Investments and Operating Funds activities, to provide robo-advisory services, provided that the investment portfolio is not concentrated in a single asset or in securities issued by a single issuer. If the robo-advisory service involves securities issued or listed outside the Kingdom, those securities must be subject to the supervision of a regulatory authority with standards and regulatory requirements at least equivalent to those applied by the CMA. The Regulations set disclosure standards for Capital Market Institutions regarding the details and operational mechanism of the robo-advisory service provided to clients, including clarification of the strategies used in constructing and managing investment portfolios, asset selection criteria, allocation rules, and portfolio rebalancing mechanisms. The Regulations also introduce additional requirements related to functional registration, including the requirement for institutions to register the Information Technology Officer responsible for managing and overseeing the technological systems used in providing the robo-advisory service. The approved amendments also require Capital Market Institutions to disclose, on the platform through which the robo-advisory service is provided, the role of the algorithms and mechanisms relied upon in delivering the robo-advisory service, as well as the associated risks, in a fair, clear, accurate, and non-misleading manner, and in a way that is appropriate to the classification of the targeted client segments. In accordance with the approved amendments, Capital Market Institutions are required to disclose the performance track record of investment portfolios since inception, including clarification of the standards and bases used to measure investment portfolio performance and the total returns achieved after deducting actual expenses, and to publish such information on the websites of Capital Market Institutions. It is worth noting that assets under management through Fintech platforms increased by 87%, reaching SAR 6.41 billion by the end of the fourth quarter of 2025, compared to SAR 3.43 billion in the same quarter of 2024. In addition, the number of investment portfolios increased by 40%, reaching 534,571 portfolios by the end of the fourth quarter of 2025, compared to 382,616 portfolios in the fourth quarter of 2024. The CMA had sought public consultation in late August 2025 on “The Draft Regulatory Framework for Robo-Advisory" on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated with the National Competitiveness Center and the CMA's website. To view the amended Capital Market Institutions Regulations (click here). To view the amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority (click here).

  05/03/2026 16:55:11

• The Saudi Exchange Company and Securities Depository Centre Company (Edaa) Announces the publishing of the Draft Amendments to the Exchange Rules for Public Consultation In light of regulating the listing process of the different types and classes of shares.

  In line with the commitment of the Saudi Exchange Company and the Securities Depository Centre Company (Edaa) to engaging all concerned and interested parties to express their observations about the market's regulatory framework, the Saudi Exchange Company and Securities Depository Centre Company (Edaa) are pleased to announce the publication of the Draft Amendments to the Exchange Rules and Procedures for public consultation. The proposed amendments are available for review through the following links: • The Draft Amendments to the Exchange Rules. The proposed amendments are aimed to develop the regulatory framework governing the listing of different types and classes of shares, in alignment with the Companies Law and the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. The amendments also introduce provisions enabling issuers to convert between share types and classes. By adopting internationally recognized best practices, these changes aim to increase the market's attractiveness to issuers and investors and to expand the range of available investment opportunities. The Saudi Exchange Company and Securities Depository Centre Company (Edaa) would be pleased to receive your feedback and observations no later than 18/03/2026G corresponding to 29/09/1447H through the following email: Public.Consultation@tadawulgroup.sa All opinions and observations shall be considered and assessed during the process of issuing the final versions of the Exchange Rules.

  04/03/2026 15:40:51

• The Capital Market Authority Licenses Core Capital Company to Conduct Advising Activity in the Securities Business and its Completion of the Commencements of Business Requirements

  In accordance to the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its Implementing Regulations, the Capital Market Authority announces that Core Capital Company has completed the commencements of business requirements to conduct Advising Activity in the Securities Business licensed as per CMA resolution dated 15/06/1446H corresponding to 16/12/2024G.

  02/03/2026 15:48:14

• Announcement from the Saudi Exchange Regarding the Trading Suspension of Albilad Gold ETF Units upon the Issuer’s Request

  The Saudi Exchange announces the trading suspension of Albilad Gold ETF Units in the Saudi Exchange today Monday 02/03/2026 until the trading session ends upon the issuer’s request in accordance to the Listing Rules and the procedures of suspension of listed securities as it will announce a material event. The trading of the units will be resumed on Tuesday 03/03/2026

  02/03/2026 12:39:02