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Announcement from Saudi Exchange Regarding Lifting the Suspension on Trading the Shares of Saudi Industrial Export Co.
Referring to Saudi Exchange announcement on 07/03/1446, corresponding to 10/09/2024 regarding the suspension on trading the shares of Saudi Industrial Export Co. on the Saudi Exchange starting from 07/03/1446, corresponding to 10/09/2024 as the Company failed to commit to announce its financial statements ending on 30/06/2024 during the specified period.
The company published on 24/04/1446, corresponding to 27/10/2024 its Interim Financial Results for the Period Ending on 30/06/2024, and therefore, the Saudi Exchange has exercised its powers stipulated in the Listing Rules to lift the suspension on trading the Company’s shares starting from Tuesday 26/04/1446, corresponding to 29/10/2024.
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The CMA Approves a Set of Amendments Aimed at Facilitating the Opening and Operation of Investment Accounts for Various Categories of Investors
The Capital Market Authority's (“CMA's") Board approved a set of amendments aimed at facilitating the procedures for opening investment accounts for various categories of investors, as part of the draft to amend the "Investment Accounts Instructions, the Rules for Foreign Investment in Securities, and the Capital Market Institutions Regulations", to be effective as of the date of its publication. The approval of this regulatory framework aims to align with the regulatory and technological developments in the Kingdom of Saudi Arabia and facilitate investment in the Saudi capital market by improving the procedures for opening investment accounts, including new categories of investors, and regulating the operations related to these accounts. This will enhance the attractiveness of the Saudi capital market for both local and international investors, increase the level of investor protection, and strengthen the confidence of market participants. The main approved elements include developing the requirements for opening an investment account for individual foreign investors residing in one of the GCC countries and expanding the types of securities they can directly invest in, including shares listed on the Main Market. Previously, their participation is limited to the debt market, the parallel market "Nomu", investment funds, and the derivatives market, while their ability to trade in the Main Market is limited to swap agreements as ultimate beneficiaries through capital market institutions or as clients of these institutions, where investment decisions are made on their behalf. This approval introduces a new category of investors to the shares listed on the Main Market, offering them a direct channel to invest in the Saudi capital market. This change is expected to attract more foreign investments, enhance market liquidity, and contribute to supporting the local economy. The approved amendments also allow individual foreign investors who previously resided in Saudi Arabia or one of the GCC countries to continue operating their investment accounts and invest in shares listed in the main market even after their residency has ended and they return to their home country, provided they have previously opened an investment account in Kingdom. In addition, the amendments aim to facilitate the procedures for opening and operating investment accounts for various categories of capital market institution clients. The approval of the Amendments came following the CMA's publication of the draft on November 20, 2024, regarding the “Facilitating the Procedures for Opening and Operating Investment Accounts for Various Categories of Investors" 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 Investment Accounts Instructions, the amended Rules for Foreign Investment in Securities, and the amended Capital Market Institutions Regulations can be viewed via the following links: The Investment Accounts Instructions The Rules for Foreign Investment in Securities The Capital Market Institutions Regulations
10/07/2025 20:26:00 -
CMA Announces the Approval of Public Offering of “WinVeston Money Market Fund"
The CMA has issued its resolution approving the public offer, by "WinVeston capital company ”, of "WinVeston Money Market 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.
10/07/2025 20:17:19 -
The Capital Market Authority Approves a Set of Regulatory Enhancements for Investment Funds in the Kingdom
The Capital Market Authority (“CMA's") Board has approved a set of enhancements aimed at developing the regulatory environment for investment funds in the Kingdom. This includes amendments to the Investment Funds Regulations, the Real Estate Investment Funds Regulations, and the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The amendments approved by the CMA Board aim to develop the regulatory framework for investment funds to enhance the asset management industry and strengthen its competitiveness by identifying areas for improvement and adopting global best practices. The amendments also include the development of additional regulatory provisions that support the growth of the investment fund and real estate investment fund sectors, enhance transparency and disclosure for fund unit holders, and establish governance standards that ensure greater protection of investors' rights. The key amendments focused on enhancing the efficiency of investment fund management by expanding the categories authorized to distribute fund units to include investment fund distribution platforms and electronic money institutions licensed by the Saudi Central Bank, through their websites or mobile applications. The amendments also developed provisions related to the termination of investment funds and the dismissal of fund managers, in addition to regulating the voluntary withdrawal of managers of public and private investment funds. Among these provisions is the requirement to obtain the CMA's approval and the obligation of the current fund manager to transfer fund management responsibilities to the successor within 60 days of receiving approval. These measures aim to protect the rights of investors in both public and private funds, ensure a smooth transition of fund management responsibilities, safeguard the interests of unit holders, and enhance investor confidence in the capital market. As part of efforts to expand investment opportunities for Real Estate Investment Traded Funds (REITs) listed on the Parallel Market (Nomu) and to support the diversification of their assets and increase their flexibility to enhance potential returns for investors, the approved amendments allow such funds, at the time of their establishment, to invest in real estate development projects without being bound by the investment ratios and asset restrictions specified in the Real Estate Investment Funds Regulations. Among the amendments approved by the CMA Board to allow public funds to subscribe to debt instruments offered privately if issued by issuers within the Kingdom. This aims to support the growth of the asset management industry, as it will enable public fund managers to subscribe to offerings from a broader range of debt instrument issuers, following the removal of previously imposed restrictions under the Investment Funds Regulations. The amendments also require money market fund managers and capital protection funds not to invest more than 10% of the fund's net asset value in debt instruments issued by a single issuer, and that the total investments of the fund in a single entity do not exceed 25% of the fund's net asset value. These measures aim to limit risk and enhance portfolio diversification. The amendments also require managers of public funds that invest in debt instruments to disclose the credit ratings of the fund's top ten debt holdings in the fund's quarterly report, in order to enhance disclosure and transparency for investors in those funds. Regarding the requirements for offering private and foreign investment funds to retail investors, the amendments include a provision aimed at enhancing investor protection. This provision stipulates that cash subscriptions from retail investors in a private fund must not exceed 50% of the total cash subscriptions in the fund at the time of offering its units. In the case of closed-ended private funds, the transfer of fund units must not, under any circumstances, result in retail investors holding more than 50% of the total value of the fund's units through cash contributions. An additional provision was introduced stating that cash subscriptions from retail investors in the Kingdom must not exceed 50% of the total cash subscriptions in the fund when offering securities issued by a foreign fund. In the case of closed-ended foreign funds, the transfer of ownership of the securities issued by the fund must not, under any circumstances, result in retail investors in the Kingdom holding more than 50% of the total value of the fund's securities through cash contributions. The amendments also included allowing capital market institutions licensed to conduct management investment activities to distribute foreign funds and offer their securities in the Kingdom, subject to specific requirements. This will enable clients in the Kingdom to invest in foreign funds. The adoption of these amendments coincides with the Capital Market Authority's approval in the past year (2024) of the launch of 44 new investment funds across various categories, including 15 equity funds, 5 money market funds, 7 endowment (Waqf) funds, and 4 exchange-traded funds (ETFs), in addition to real estate funds and other specialized funds. Investment funds accounted for the largest share of assets under management, reaching approximately SAR 700 billion by the end of 2024, reflecting a growth rate of 25.2% compared to 2023. The CMA Board's decision to adopt these amendments came following a thorough review of the regulatory provisions subject to amendment, carried out through three separate initiatives. Each initiative addressed a specific set of amendments and was published consecutively for public consultation, beginning in June 2024, followed by October 2024, and then a third round in February 2025, before the full adoption of the amendments across all three initiatives. The amended Investment Funds Regulations, the Real Estate Investment Funds Regulations, and the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be accessed through the following links: The Investment Funds Regulations The Real Estate Investment Funds Regulations The Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority
09/07/2025 19:54:26 -
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
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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
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08/07/2025 19:15:00