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 amendment of the Instructions for Investment Accounts is hereby approved in accordance with the form attached, and comes into force from the date of its publication.
(b) The amendment to the Rules Regulating Foreign Investment in Securities is hereby approved in the form attached, and comes into force from the date of its publication.
(c) Article 39(c) of the Capital Market Institutions Regulation issued by board Decision 1-83-2005 dated 21 Jumada Al-Awwal 1426, corresponding to 28 June 2005, amended by Decision 4-122-2024 dated 13 Rabi Al-Thani 1446, corresponding to 16 October 2024, is hereby amended to read as follows:
A capital market institution shall request its clients to update the details required under this regulation upon the occurrence of any change to it, the expiry of its validity, or at the end of each interval specified by the capital market institution in accordance with the controls and policies it adopts on the basis of the level of risks associated with the client, whichever is earlier, provided that the capital market institution conducts a periodic review to study the extent of the need to update the client details at least once every five years, and the capital market institution shall establish permanent procedures and policies in order to achieve this.
It enters into force from the date of its publication.
(d) The content of paragraphs (a), (b), and (c) 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: 28 Dhu Al-Qa’dah 1446
Corresponding to: 26 May 2025
Published in Umm Al-Qura 5101 issued on 15 August 2025.
With the help of Allah the Almighty
We, Salman bin Abdulaziz Al-Saud,
the King of the Kingdom of Saudi Arabia,
based on article 70 of the Basic Law of Governance issued by Royal Order O/90 dated 27 Sha’ban 1412 [1 March 1992],
based on article 20 of the Law of the Council of Ministers issued by Royal Order O/13 dated 3 Rabi Al-Awwal 1414 [21 August 1993],
based on article 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412 [2 March 1992],
after perusal of Shura Council Decision 207/20 dated 18 Sha’ban 1446 [17 February 2025],
and after perusal of Council of Ministers Decision 826 dated 22 Dhu Al-Qa’dah 1446 [20 May 2025],
have decreed as follows
First
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 must be collected from him in accordance with article 7(c) of the Income Tax Law from 1 January 2020.
Second
His Royal Highness the Prime Minister, the ministers, and the heads of independent concerned authorities—each within their area of competence—shall implement this decree of Ours.
Salman bin Abdulaziz Al-Saud
Issued on: 27 Dhu Al-Qa’dah 1446
Corresponding to: 25 May 2025
Published in Umm Al-Qura 5091 issued on 4 June 2025.
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.
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.
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.
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.
Third
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 5095 issued on 4 July 2025.