Author: Decree

Capital Market Authority: Decision 2026-2-1 Adopting the Amendment to the Rules Governing Foreign Investment in Securities, the Investment Accounts Instructions, and the Instructions for Issuing Depositary Receipts Outside the Kingdom

Post author By Decree
Post date 4 January 2026

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 Rules Governing Foreign Investment in Securities and the Instructions for Investment Accounts is hereby approved in the form attached, and comes into force from 13 Sha’ban 1447 corresponding to 1 February 2026.

(b) The amendment to the Instructions for Issuing Certificates of Deposit Outside the Kingdom, issued by Decision 2-86-2020 dated 19 Muharram 1442 corresponding to 7 September 2020 is hereby approved as follows:

First

Clause Four(f) is amended by replacing the phrase “Rules Governing the Investment of Qualified Foreign Financial Institutions in Listed Securities” with the phrase “Rules Governing Foreign Investment in Securities”, and comes into force from 13 Sha’ban 1447 corresponding to 1 February 2026.

Second

Clause Seven(f) is amended by deleting the phrase “—if he falls under a category of investors allowed to invest in shares listed in the Kingdom—”, and comes into force from 13 Sha’ban 1447 corresponding to 1 February 2026.

(c) The amendment of article 57(b) of the Executive Regulation of the Companies Law for Listed Joint Stock Companies issued by Decision 8-127-2016 dated 16 Muharram 1438 corresponding to 17 October 2016, and based on the Companies Law issued by Royal Decree D/3 dated 28 Muharram 1437 corresponding to 28 August 2015, as amended by the board of the authority Decision 2-114-2024 dated 4 Rabi Al-Thani 1446 corresponding to 7 October 2024, and based on the Companies Law issued by Royal Decree D/132 dated 1 Dhu Al-Hijja 1443 corresponding to 30 June 2022, is hereby approved by deleting the phrase “for a qualified foreign investor”, and comes into force from 13 Sha’ban 1447 corresponding to 1 February 2026.

(d) The amendment of the term “counterparty” contained in the List 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, and amended by the board of the authority Decision 1-135-2025 dated 3 Jumada Al-Thani 1447 corresponding to 24 November 2025 is hereby approved by deleting paragraph 8, which stipulates “qualified foreign investor”, and replacing the phrase “monetary agency” with the phrase “central bank” contained in paragraph 1 of the same term, and comes into force from 13 Sha’ban 1447 corresponding to 1 February 2026.

(e) The content of paragraphs (a), (b), (c), and (d) 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: 16 Rajab 1447
Corresponding to: 5 January 2026

Published in Umm Al-Qura 5148 issued on 6 March 2026.

Tags Capital Market Authority

Laws and Regulations

The Rules Governing Foreign Investment in Securities

Post author By Decree
Post date 4 January 2026

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Laws and Regulations

Lists of Security-restricted Chemicals (1, 2, and 3)

Post author By Decree
Post date 4 January 2026

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Royal Decree

Royal Decree D/145 Exempting Companies Licensed to Practice Activities in the Special Economic Zones of Jazan, Cloud Computing and Informatics, King Abdullah Economic City, and Ras Al-Khair From the Provisions of the Companies Law

Post author By Decree
Post date 4 January 2026

Arabic

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 [20 August 1993],

based on article 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412 [1 March 1992],

after perusal of Shura Council Decision 133/11 dated 10 Jumada Al-Thani 1447 [1 December 2025],

and after perusal of Council of Ministers Decision 468 dated 10 Rajab 1447 [30 December 2025],

have decreed as follows

First

The companies licensed to carry out activities in the Jazan Special Economic Zone, the Cloud Computing Special Economic Zone, the King Abdullah Economic City Special Economic Zone, and Ras Al-Khair Special Economic Zone are hereby exempt from the provisions of the Companies Law issued by Royal Decree D/132 dated 1 Dhu Al-Hijja 1443 [30 June 2022], and the Commercial Register Law and Trade Names Law issued by Royal Decree D/83 dated 19 Rabi Al-Awwal 1446 [22 September 2024].

Second

His Royal Highness the Prime Minister, the ministers, and the heads of independent concerned agencies—each within their mandates—shall implement this decree of Ours.

Salman bin Abdulaziz Al-Saud

Issued on: 16 Rajab 1447
Corresponding to: 5 January 2026

Published in Umm Al-Qura 5140 issued on 16 January 2026.

Laws and Regulations

The Regulation of the Schedule of Violations of the Provisions of the Petroleum and Petrochemical Materials Law and Its Penalties

Post author By Decree
Post date 31 December 2025

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Ministerial Decision

Ministry of Energy: Decision 470201/2433 Approving the Executive Regulation of the Petroleum and Petrochemical Materials Law and the Regulation of the Schedule of Violations of the Provisions of the Petroleum and Petrochemical Materials Law and Its Penalties

Post author By Decree
Post date 31 December 2025

Arabic

The Minister of Energy,

based on the powers entrusted to him by law,

after perusal of article 20 of the Law of Petroleum and Petrochemical Materials issued by Royal Decree D/139 dated 12 Rajab 1446 [12 January 2025], which stipulates that “the minister shall issue the regulations within 90 days from the date of publication of the law in the official gazette, and they come into force from the date of entry into force of the law,”

and in pursuance of public interest,

hereby decides

First

The Executive Regulation of the Law of Petroleum and Petrochemical Materials is hereby approved in the form attached to this decision.

Second

The Regulation of the Schedule of Violations and Punishments of the Provisions of the Law of Petroleum and Petrochemical Materials is hereby approved in the form attached to this decision.

Third

The regulations referred to in the above clauses must be published on the website of the ministry, and come into force from the date of issuance of this decision. It repeals all that is in conflict with them.

Fourth

This decision must be communicated to those who are required to implement it and act on it, in accordance with the provisions of the relevant orders, laws, regulations, instructions, policies, and procedures, and any further developments related to them.

May Allah provide success.

Minister of Energy
Abdulaziz bin Salman bin Abdulaziz

Issued on: 12 Rajab 1447
Corresponding to: 1 January 2026

Published in Umm Al-Qura 5147 issued on 5 March 2026.

Tags Ministry of Energy

Laws and Regulations

The Executive Regulation of the Petroleum and Petrochemical Materials Law

Post author By Decree
Post date 31 December 2025

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Ministerial Decision

Zakat, Tax and Customs Authority: Decision 1447-99-872 Adopting the Scope and Definition of Excise Goods

Post author By Decree
Post date 30 December 2025

Arabic

The Governor of the Zakat, Tax, and Customs Authority,

based on the powers entrusted to him by law,

after perusal of the Unified Agreement on Excise Tax of the States of the Cooperation Council for the Arab States of the Gulf, ratified by Royal Decree D/51 dated 3 Jumada Al-Awwal 1438 [23 January 2017], and its amendments,

the Excise Tax Law issued by Royal Decree D/86 dated 27 Sha’ban 1438 [23 May 2017] and its amendments,

the Executive Regulation of the Excise Tax Law issued by the—former—Board of Directors of the General Authority for Zakat and Income Decision 9-1-2017 dated 13 Ramadan 1438 [8 June 2017] and its amendments (the “executive regulation”),

the decisions issued by the Financial and Economic Cooperation Committee of the States of the Cooperation Council for the Arab States of the Gulf,

and based on articles 2, 4, and 8 of the executive regulation,

hereby decides

First

The Scope and Definition of Excise Goods are hereby approved in accordance with the decisions issued by the ministerial committee, in the form attached.

Second

The Methodology for Calculating the Mitigation Rate for the Purposes of Calculating the Tax Due is hereby approved in the form attached.

Third

The Criteria for Calculating the Reference Retail Price and the Retail Price for the Rest of the Concentrates, Powders, Gel, or Extracts are hereby approved in the form attached.

Fourth

This decision comes into force on 1 January 2026, must be communicated to those required to implement it, and must be published in the official gazette.