Author: Decree
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 Glossary of Defined 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.
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.
The Minister of Environment, Water, and Agriculture,
based on the powers entrusted to him by law,
after perusal of the submission of the Deputy Minister in letter 25134984 dated 10 Rajab 1447 [30 December 2025],
and based on article 23 of the Water Law, which stipulates that: “With the exception of drinking, domestic uses, and food industries, it is permitted to use tertiary treated water after ensuring its safety, freedom from pollutants, and conformity, in accordance with the conditions and controls specified by the regulations of the ministry,”
and in pursuance of public interest,
hereby decides
First
The Conditions and Controls for the Reuse of Treated Wastewater in Relation to the Tasks of the Ministry and the Classification of Their Violations are hereby approved.
Second
The minutes for controlling the reuse of treated wastewater in relation to the tasks of the ministry are hereby approved.
Third
The office of the undersecretary of the ministry for water shall update the conditions and controls for the reuse of treated wastewater in relation to the tasks of the ministry, classify its violations, and exempt the matters it deems appropriate in accordance with the Water Law and its executive regulation, and submit it for approval.
Fourth
This decision comes into force on the date of its publication in the official gazette, and it must be communicated to those required to implement it and act by virtue of it, and it hereby repeals all previous decisions in conflict with it.
May Allah provide success.
Minister of Environment, Water, and Agriculture
Engineer Abdulrahman bin Abdulmohsen Al-Fadley
Issued on: 11 Rajab 1447
Corresponding to: 31 December 2025
Published in Umm Al-Qura 5140 issued on 16 January 2026.
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.
May Allah provide success.
Governor Suhail bin Mohammed
Issued on: 11 Rajab 1447
Corresponding to: 31 December 2025
Published in Umm Al-Qura 5135 issued on 1 January 2026.