Announcement Regarding Eid Al Adha Holidays for The Saudi Exchange

Related News

• The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on Saudi Government SAR Sukuk Securities

  The Securities Depository Center Company ("Edaa") announces implementing the size of Issue increase for Saudi Government SAR Sukuk (2019-01-10), (2024-01-15), (2024-04-12) and (2023-08-09) issued on 23/07/1446H corresponding to 23/01/2025G.

  23/01/2025 08:27:27

• Announcement Regarding The Approval On Listing Government Debt Instruments Of a Class Already Listed

  Saudi Exchange has issued its resolution approving the listing request of the debt instruments from a class already listed, issued by the Government of the Kingdom of Saudi Arabia submitted by the Ministry of Finance as per the Listing Rules with a total value of SAR (3,723,500,000) detailed as follow: 1.    Increase in issuance 10-01-2019 (Tadawul code: 5274) by SAR 1,255,000,000 to reach a total of SAR 27,503,990,000. 2.    Increase in issuance 15-01-2024 (Tadawul code: 5339) by SAR 27,500,000 to reach a total of SAR 11,247,429,000. 3.    Increase in issuance 12-04-2024 (Tadawul code: 5344) by SAR 1,036,000,000 to reach a total of SAR 11,026,216,000. 4.    Increase in issuance 09-08-2023 (Tadawul code: 5333) by SAR 1,405,000,000 to reach a total of SAR 15,929,492,000.   Accordingly, the listing of government debt instruments reissue shall commence starting from Thursday 23/01/2025.

  22/01/2025 15:39:59

• The Capital Market Authority Calls for Public Consultation on the Proposed Amendments to Brokerage Licensing Requirements under the Capital Market Law

  The Capital Market Authority (CMA) called upon relevant and interested persons participating in the capital market to share their feedback on the proposed amendments to the licensing requirements for brokerage companies outlined in the Capital Market Law. These amendments focus on the minimum capital requirements and the legal structure that brokerage companies must adopt. The consultation period will last for a period of 30 calendar days ending on 21/08/1446H corresponding to 20/02/2025. The proposed amendments aim to enhance the attractiveness of engaging in brokerage activities (currently performed by capital market institutions licensed to carry out dealing or custody business), encourage competition in the field, and stimulate the growth of the asset management industry. This will be achieved by developing the services provided in dealing and custody activities to foster innovation and expand within the capital market. The proposed amendments include referring the determination of the minimum capital requirements that brokerage companies must continuously meet to the implementing regulations issued by CMA, in a way that provides the necessary flexibility in determining the capital requirements according to the nature of the business that the brokerage companies will be licensed to practice. Currently, the Capital Market Law stipulates that the minimum capital must not be less than SAR 50 million. Additionally, the proposal includes referring the determination of the legal form required for brokerage companies to the implementing regulations issued by CMA, providing the necessary flexibility to define legal forms based on the nature of the activities licensed for brokerage companies to practice. Currently, the Capital Market Law requires brokers to be joint-stock companies. The proposed amendments aim to develop the activities of dealing and custody, enabling the introduction of innovative financial products and services. Licensing for these would align with requirements tailored to the characteristics of such products and services, in accordance with global best practices. This move is expected to attract international brokerage companies to enter the Saudi market, thereby stimulating activity in this sector in line with the core pillars and strategic objectives of the Financial Sector Development Program. The Authority emphasized that the comments of relevant and interested persons shall be taken into full consideration for the purpose of approving the final Proposed Amendments, which in turn shall contribute to the aim of enhancing and developing the regulatory environment. Opinions and comments can be received through any of the following: •The Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the National Competitiveness Canter through the following link: (istitlaa.ncc.gov.sa ). •The prescribed form through the following email: (Laws.Regulations@cma.org.sa) The Draft can be viewed via the following link: The Draft on the Proposed Amendments to Brokerage Licensing Requirements under the Capital Market Law Prescribed form for providing comments

  21/01/2025 21:34:02

• CMA Announces the Approval of Public Offering of "Dinar Saudi Equity Fund”

  The CMA has issued its resolution approving the public offer, by "Dinar Investment Company”, of "Dinar Saudi Equity 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.

  21/01/2025 21:26:35

• Saudi Exchange Announces the Listing of “Itmam Consultancy Co.”

  Saudi Exchange announces the listing and trading shares of “Itmam Consultancy Co.” on Nomu – Parallel Market on Thursday 23/01/2025, with the symbol 9625 and ISIN Code SA168G7KMCH6, with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits. For more information about “Itmam Consultancy Co.”, please (click here) to review the prospectus. For more information, please visit Nomu – Parallel Market page on our website by (clicking here).

  21/01/2025 15:37:16