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 84410 dated 22 Shawwal 1447 [10 April 2026], which includes the Minister of Human Resources and Social Development, Chairman of the Preparatory Committee for Administrative Organization Telegram 31102 dated 8 Rabi Al-Awwal 1447 [31 August 2025], regarding the request of the Capital Market Authority to approve the creation of a position at the excellent rank for the post of Deputy Chairman of the Board of the Capital Market Authority,
after perusal of the Law of Ministers, Deputy Ministers, and Employees of the Excellent Rank issued by Royal Decree D/10 dated 18 Rabi Al-Awwal 1391 [13 May 1971],
after perusal of the Capital Market Law issued by Royal Decree D/30 dated 2 Jumada Al-Thani 1424 [31 July 2003],
after perusal of Bureau of Experts at the Council of Ministers Memo 3711 dated 13 Dhu Al-Qa’dah 1446 [11 May 2025], Memo 1890 dated 21 Jumada Al-Awwal 1447 [12 November 2025], Memo 2419 dated 3 Rajab 1447 [23 December 2025], and Memo 3220 dated 15 Ramadan 1447 [4 March 2026],
after perusal of Council of Economic and Development Affairs Minutes 1279/47/M dated 3 Sha’ban 1447 [22 January 2026],
after considering Shura Council Decision 25/316 dated 19 Shawwal 1447 [7 April 2026],
and after perusal of General Committee of the Council of Ministers Recommendation 12172 dated 18 Dhu Al-Qa’dah 1447 [5 May 2026],
hereby decides
The amendment to article 7 of the Capital Market Law issued by Royal Decree D/30 dated 2 Jumada Al-Thani 1424 [31 July 2003], by adding a paragraph designated (b) with the following text: “The appointment of the chairman must be at the rank of minister, and the appointment of the deputy chairman must be at the excellent rank”, and the reordering of the paragraphs of the article accordingly, is hereby approved.
A draft royal decree has been prepared in the form attached.
Salman bin Abdulaziz Al-Saud
Issued on: 8 Muharram 1448
Corresponding to: 23 June 2026
Published in Umm Al-Qura 5171 issued on 10 July 2026.