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 to the Financial Market Institutions Regulation is hereby approved in the form attached, and comes into force from the date of its publication.
(b） The term “robo-advisor service” is added to the Glossary of Terms Used in the Regulations and Rules of the Capital Market Authority, issued by Decision 4-11-2004 dated 20 Sha’ban 1425 corresponding to 4 October 2004, as amended by Board of the Authority Decision 1-2-2026 dated 16 Rajab 1447 corresponding to 5 January 2026, and it is read as follows:
The use of algorithms and modern technical means by a licensed financial market institution to manage the investments of clients in accordance with predetermined investment strategies, without human intervention or with limited human intervention.
It enters into force on 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: 18 Rajab 1447
Corresponding to: 7 January 2026
Published in Umm Al-Qura 5155 issued on 17 April 2026.