Web Content Viewer
Announcement from The Saudi Exchange Regarding the Delisting of Hail Cement Co. Shares.
In reference to the Saudi Exchange’s announcement on 05/12/1445H corresponding to 11/06/2024G regarding trading suspension of Hail Cement Co. shares.
Saudi Exchange announces the delisting of Hail Cement Co. shares in the Saudi Exchange as end of Wednesday 06/12/1445H corresponding to 12/06/2024G
Related News
-
The Capital Market Authority Licenses Sukuk Capital Company to Conduct Arranging 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 Sukuk Capital Company has completed the commencements of business requirements to conduct Arranging Activity in the Securities Business licensed as per CMA resolution dated 17/09/1446H corresponding to 17/03/2025G.
08/07/2025 19:19:08 -
The Capital Market Authority Licenses Cadaa Investment 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) 02/06/1424H dated and its Implementing Regulations, the Capital Market Authority announces that Cadaa Investment Company has completed the commencements of business requirements to conduct Advising activity in the Securities Business licensed as per CMA resolution dated 6/8/1446H corresponding to 2025/02/05.
08/07/2025 19:15:00 -
The Capital Market Authority Approves the Regulatory Framework for the Issuance of Depositary Receipts in the Saudi Capital Market Corresponding to Foreign Shares
The Capital Market Authority's (CMA's) Board approved the regulatory framework for the offering of Saudi depositary receipts in the capital market representing shares issued in a foreign country and listed on its capital market, to be effective as of the date of its publication. The approval of this regulatory framework aims to introduce a new security through the regulation of issuing depositary receipts in the capital market for shares listed in a foreign market, contributing to the deepening of the Saudi capital market and enhancing its role in capital formation, while also increasing its attractiveness by providing additional listing options and diversifying investment products. According to the approved regulatory framework, the CMA will allow foreign companies to register and offer depositary receipts in the Saudi capital market representing their shares listed in foreign markets, upon obtaining the required approval. In line with the adopted framework, the requirements for registering and offering depositary receipts will follow the requirements for registering and offering shares currently in place under the Rules on the Offer of Securities and Continuing Obligations. The issuer of the Saudi depositary receipts will also be subject to the same continuing obligations applicable to a foreign company that lists its shares on the Main Market under the Listing Rules, subject to certain exceptions. In 2020, the Capital Market Authority allowed companies listed on the local capital market to issue certificates of deposit outside Saudi Arabia in exchange for their shares traded in the Saudi capital market. This move aims to strengthen the pillars of Saudi Vision 2030, which seeks to make the Saudi capital market attractive to both local and foreign investors. Consequently, it is now allowed to offer depositary receipts to foreign companies in exchange for their issued shares in a foreign market. The approval of the Amendments came following the CMA's publication of the draft of “The Draft Amendments to Regulate the Offer of Depository Receipts in the Saudi Capital Market" 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 amended Rules on the Offer of Securities and Continuing Obligations 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: Rules on the Offer of Securities and Continuing Obligations Glossary of Defined Terms Used in The Regulations and Rules of the Capital Market Authority It is also worth noting that, following the adoption of the regulatory framework, the Saudi Exchange (Tadawul) and the Securities Depository Center Company (Edaa) have announced the publication of the amended the Exchange Rules and Procedures, which can be accessed through the following link: The amended Exchange Rules and Procedures
07/07/2025 18:13:48 -
The Capital Market Authority Licenses Osool & Bakheet Investment Company to Conduct Arranging 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) 02/06/1424 H dated and its Implementing Regulations, the Capital Market Authority announces that Osool & Bakheet Investment Company has completed the business commencements requirements to conduct Arranging activity in the Securities Business licensed as per CMA approval dated 18/04/1445 H corresponding to 02/11/2023 G.
07/07/2025 17:58:21 -
Saudi Exchange Company and The Securities Depository Centre Company (Edaa) announces the approval of the Amended Exchange Rules and Procedures.
The Saudi Exchange Company and The Securities Depository Centre Company (Edaa) announces the issuance of the Capital Market Authority Board resolution dated 21/11/1446H corresponding to 19/05/2025G approving the following: • The Amended Glossary of Defined Terms Used in the Exchange Rules (Click here). • The Amended Listing Rules (Click here). • The Amended Securities Depository Centre Rules (Click here). And the issuance of The Saudi Exchange Company Board of Directors resolution dated 12/10/1446H corresponding to 10/04/2025G approving the following: • The Amended Trading and Membership Procedures (Click here). In addition, the Securities Depository Centre Company (Edaa) announces the issuance of its Board of Directors resolution dated 12/10/1446H corresponding to 10/04/2025G approving the following: • The Amended Depository Centre Procedures (Click Here). The Amendments to Exchange Rules and Procedures are aimed to enable local and international investors to trade Saudi Depositary Receipts representing the underlying foreign shares. This provides foreign issuers with the opportunity to offer and list Saudi Depositary Receipts representing their shares on the Saudi Exchange, by appointing a local depositary institution (Capital Market Institution authorized by the Authority to carry out the securities activity of custody). This framework is expected to provide further flexibility for issuers and additional investment opportunities for both local and international investors. It should be noted that the Amended Rules, Procedures and Glossary shall be effective starting from its publishing date.
07/07/2025 15:52:32