Blog – Page 31

Capital Market Authority: Decision 1-54-2025 Amending the Regulations of Investment and Real Estate Investment Funds and the List of Terms Used in the Regulations and Rules of the Capital Market Authority

Post author By Decree
Post date 20 May 2025

The Board of the Capital Market Authority,

based on the Capital Market Law issued by Royal Decree D/30 dated 2 Jumada Al-Thani 1424 [31 July 2003],

hereby decides

(a) The Regulation of Investment Funds, the Regulation of Real Estate Investment Funds, and the List of Terms Used in the Regulations and Rules of the Capital Market Authority are hereby amended in accordance with the form attached, and come into force from the date of their publication.

(b) The Instructions for Direct Finance Investment Funds issued by board Decision 1-35-2022 dated 12 Sha’ban 1443, corresponding to 15 March 2022 are hereby amended as follows:

First

(a) Clause Eighth of the Instructions is hereby amended by replacing the phrase: “Articles 86 and 87 of the Regulation of Investment Funds on the Direct Finance Fund” with the following phrase:

Articles 84 and 85 of the Regulation of Investment Funds on the Direct Finance Fund”, and comes into force from the date of its publication.

Second

(b) Clause Nine of the Instructions is hereby amended by replacing the phrase: “Article 95(a) of the Regulation of Investment Funds” with the phrase:

Article 93(a) of the Regulation of Investment Funds,

and comes into force from the date of its publication.

(c) The content of paragraphs (a) and (b) of this decision must be announced on the websites of the authority and the Saudi Tadawul Company.

Chairman of the Board of the Capital Market Authority
Mohammed bin Abdullah Al-Quweiz

Issued on: 23 Dhu Al-Qa’dah 1446
Corresponding to: 21 May 2025

Published in Umm Al-Qura 5116 issued on 23 October 2025.

Tags Capital Market Authority

Laws and Regulations

The Regulation of Investment Funds

Post author By Decree
Post date 20 May 2025

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Laws and Regulations

The Regulation of Real Estate Investment Funds

Post author By Decree
Post date 20 May 2025

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Laws and Regulations

The List of Terms Used in the Regulations and Rules of the Capital Market Authority

Post author By Decree
Post date 20 May 2025

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Council of Ministers Decision

Council of Ministers: Decision 826 Approving the Amendment of Royal Decree D/13

Post author By Decree
Post date 19 May 2025

Arabic

The Council of Ministers,

after perusal in its session held under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, of Royal Court File 60317 dated 20 Sha’ban 1446 [19 February 2025], which includes the Telegram of the Minister of Energy 4391 dated 16 Dhu Al-Qa’dah 1445 [24 May 2024], regarding the request to extend the period of application of the tax rate stipulated in article 7(b) of the Income Tax Law, and to extend the period of separating the downstream works from oil and hydrocarbons production works through an independent legal entity until the end of 2030,

after perusal of the Income Tax Law issued by Royal Decree D/1 dated 15 Muharram 1425 [6 March 2004],

after perusal of Royal Decree D/13 dated 18 Muharram 1441 [17 September 2019],

after perusal of Bureau of Experts at the Council of Ministers Memorandum 1631 dated 10 Jumada Al-Awwal 1446 [12 November 2024],

after perusal of Council of Economic and Development Affairs Recommendation 1-7/46/R dated 18 Jumada Al-Thani 1446 [19 December 2024],

after considering Shura Council Decision 207/20 dated 18 Sha’ban 1446 [17 February 2025],

and after perusal of General Committee of the Council of Ministers Recommendation 9845 dated 7 Shawwal 1446 [5 April 2025],

hereby decides

The amendment of clauses First and Second of Royal Decree D/13 dated 18 Muharram 1441 [17 September 2019] is hereby approved to be as follows:

First

The tax rate stipulated in article 7(b) of the Income Tax Law issued by Royal Decree D/1 dated 15 Muharram 1425 [6 March 2004] applies to the taxable subject matter for a taxpayer resulting from downstream works carried out by taxable persons in accordance with article 2(f) of the law, until 31 December 2030.

Second

If any of the taxable persons—referred to in clause First of this decree—do not comply with separating the downstream works from the works of producing oil and hydrocarbons until 31 December 2030, the tax will be collected from him in accordance with article 7(c) of the Income Tax Law from 1 January 2020.

A draft royal decree has been prepared in the form attached.

Salman bin Abdulaziz Al-Saud

Issued on: 22 Dhu Al-Qa’dah 1446
Corresponding to: 20 May 2025

Published in Umm Al-Qura 5091 issued on 4 June 2025.

Ministerial Decision

Capital Market Authority: Decision 1/53/2025 Adding a Paragraph to Article 15 of the Rules for Offering Securities and Continuous Obligations and a Definition to the List of Terms Used in the Regulations and Rules of the Capital Market Authority

Post author By Decree
Post date 18 May 2025

Arabic

The Board of the Capital Market Authority,

based on the Capital Market Law issued by Royal Decree D/30 dated 2 Jumada Al-Thani 1424 [31 July 2003],

hereby decides

(a) A new paragraph with the order (d) is hereby added to article 15 of the Rules for Offering Securities and Continuous Obligations issued by the board Decision 3-123-2017 dated 9 Rabi Al-Thani 1439 [27 December 2017], amended by Decision 3-114-2024 dated 4 Rabi Al-Thani 1446 [7 October 2024], with the following text:

(d) The registration and public offering of Saudi depositary receipts must be subject to the provisions governing the registration and offering of shares stipulated in this part (where applicable). For the purposes of applying the law and its executive regulations, the foreign company whose shares correspond to the Saudi depository receipts is the issuer of those receipts.

It enters into force from the date of its publication.

(b) The definition of the term “Saudi depository receipts” is hereby added to the List of Terms Used in the Regulations and Rules of the Capital Market Authority issued by board Decision 4-11-2004 dated 20 Sha’ban 1425 [4 October 2004], amended by its Decision 3-6-2024 dated 5 Rajab 1445 [17 January 2024], with the following text:

Securities issued for the purpose of listing on the Saudi Stock Exchange in exchange for shares issued in a foreign country and listed on its market or whose issuer has made the necessary arrangements for its listing in it.

It enters into force on the date of its publication.

(c) The content of paragraph (a) and paragraph (b) of this decision must be announced on the websites of the authority and the Saudi Tadawul Company.

Vice Chairman of the Board of the Capital Market Authority
Youssef bin Hamad Al-Blihid

Issued on: 21 Dhu Al-Qa’dah 1446
Corresponding to: 19 May 2025

Published in Umm Al-Qura 5101 issued on 15 August 2025.

Tags Capital Market Authority

Ministerial Decision

Saudi Electricity Regulatory Authority: Decision 3/60/2025 Adopting the Guide for the Standard of Electricity Service Level

Post author By Decree
Post date 18 May 2025

Arabic

The Board of Directors of the Saudi Electricity Regulatory Authority,

based on the powers entrusted to it by law,

after perusal of article 4(1)(d) of the Electricity Law issued by Royal Decree D/44 dated 16 Jumada Al-Awwal 1442 [31 December 2020],

after perusal of article 5(1)(c) of the system of the authority issued by Council of Ministers Decision 263 dated 14 Jumada Al-Awwal 1442 [29 December 2020], as amended by Council of Ministers Decision 918 dated 28 Shawwal 1445 [7 May 2024],

after perusal of article 15(1) of the Executive Regulation of the Electricity Law regarding the functions of the authority issued by the board of directors of the authority Decision 02/43 dated 13 Rabi Al-Thani 1443 [18 November 2021],

after perusal of the of the board of directors directive in its Minutes 55 dated 22 Jumada Al-Thani 1446 corresponding to 23 December 2024,

after perusal of clause 31 of the Strategic Authorities Matrix approved by board of directors Decision 5/58/2025 dated 3 Ramadan 1446 corresponding to 3 March 2025,

and after perusal of the presentation submitted to the board of directors in its Session 60 dated 21 Dhu Al-Qa’dah 1446 corresponding to 19 May 2025,

hereby decides

First

The amendment of the Electrical Service Level Standards Guide (Guaranteed Standards) is hereby approved in accordance with the form attached.

Second

This decision must be communicated to those who are required to implement it and act on it.

Minister of Energy
Chairman of the Board of Directors of the Saudi Electricity Regulatory Authority
Abdulaziz bin Salman bin Abdulaziz

Issued on: 21 Dhu Al-Qa’dah 1446
Corresponding to: 19 May 2025

Published in Umm Al-Qura 5096 issued on 11 July 2025.

Tags Saudi Electricity Regulatory Authority

Laws and Regulations

The Guide for the Standard of Electricity Service Level

Post author By Decree
Post date 18 May 2025

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Ministerial Decision

Saudi Electricity Regulatory Authority: Decision 2-7/60/2025 Adopting the Amendments to the Regulation of Policing and Proving Violations of the Provisions of the Electricity System and Deciding on Them

Post author By Decree
Post date 18 May 2025

Arabic

The Board of Directors of the Saudi Electricity Regulatory Authority, based on the powers entrusted to it by law,

after perusal of the Electricity Law issued by Royal Decree D/44 dated 16 Jumada Al-Awwal 1442 [31 December 2020],

after perusal of article 5(1) and (13) and article 7(3) of the system of the authority issued by Council of Ministers Decision 263 dated 14 Jumada Al-Awwal 1442 [29 December 2020], as amended by Council of Ministers Decision 918 dated 28 Shawwal 1445 [7 May 2024],

after perusal of the Regulation of Policing and Proving Violations of the Provisions of the Electricity Law and Deciding on Them issued by the board of directors Decision 45/2-1 dated 19 Rabi Al-Awwal 1445 [4 October 2023], and the Controls for Assessing Repair Costs and Determining Compensation for Loss of Benefit by the Facility or Third Parties Due to Meter Tampering of the Electrical Service or Any of Its Accessories Violation issued by the Board of Directors Decision 45/2-2 dated 19 Rabi Al-Awwal 1445 [4 October 2023],

after perusal of the board of directors directive in its Minutes 54 dated 12 Muharram 1446 corresponding to 18 July 2024, after perusal of clauses 16, 31, and 35 of the Strategic Authorities Matrix approved by board of directors Decision 5/58/2025 dated 3 Ramadan 1446 corresponding to 3 March 2025,

and after perusal of the presentation submitted to the board of directors in its Session 60 dated 21 Dhu Al-Qa’dah 1446 corresponding to 19 May 2025,

hereby decides

First

The amendments to the Regulation of Policing and Proving Violations of the Provisions of the Electricity Law and Deciding on Them is hereby approved in accordance with the form attached.

Second

The amendment of articles 3, 4, and 5 of the Controls for Assessing Repair Costs and Determining Compensation for Loss of Benefit by the Facility or Third Parties Due to Meter Tampering of the Electrical Service or Any of Its Accessories Violation is hereby approved to be a fixed value for the costs of lost benefit and repair costs for cases of meter tampering instead of the equation, and the timing of its collection, in accordance with the form attached.