Issued on: 5/7/1445
Corresponding to: 17/1/2024
Published in Umm Al-Qura 5026 issued on 29 March 2024.
Tag: Capital Market Authority
Issued on: 8/4/1445
Corresponding to: 23/10/2023
Published in Umm Al-Qura 5027 issued on 5 April 2024.
Issued on: 5/9/1444
Corresponding to: 27/3/2023
Published in Umm Al-Qura 4984 issued on 2 June 2023.
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 [1 August 2003],
hereby decides
(a) The Financial Sufficiency Rules are hereby amended in accordance with the form attached, and it comes into force as of 10 Ramadan 1444 corresponding to 1 April 2023.
(b) Subject to the provisions of paragraph (c) of this decision, the Financial Sufficiency Rules issued by Council Decision 1-40-2012 dated 17 Safar 1434 corresponding to 30 December 2012 continue to apply until the date of entry into force of the Financial Sufficiency Rules amended in accordance with paragraph (a) of this decision.
(c) Exempting capital market institutions from applying the provisions of articles 66, 68, and 69, and requiring the preparation of a report by the external audit office on the validity of calculating the minimum capital requirements stipulated in 74(b) of the Financial Sufficiency Rules issued by board Decision 1-40-2012 dated 17 Safar 1434 corresponding to 30 December 2012.
(d) The content of paragraphs (a), (b), and (c) of this decision must be announced on the electronic websites of the authority and the Saudi Exchange Company.
The Board of the Capital Market Authority,
Member of the Board of the Capital Market Authority
Khalid bin Mohammed Al-Solai
Member of the Board of the Capital Market Authority
Khaled bin Abdulaziz Al-Homoud
Member of the Board of the Capital Market Authority
Ahmed bin Rajeh Al Rajeh
Vice Chairman of the Board of the Capital Market Authority
Youssef bin Hamad Al-Bilihid
Issued on: 4/6/1444
Corresponding to: 28/12/2022
Published in Umm Al-Qura 4973 issued on 10 March 2023.
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 [1 August 2003],
hereby decides
1. The Amended Instructions for Book Building Process and Allocation of Stock in Initial Public Offerings is hereby adopted in accordance with the form attached, and it comes into force as of 8 Jumada Al-Thani 1444, corresponding to 1 January 2023.
2. The Amended Instructions for Book Building Process and Allocation of Stock in Initial Public Offerings issued by board of the authority decision 2-94-2016 dated 15 Shawwal 1437 corresponding to 20 July 2016, as amended by board of the authority decision 3-102-2019 dated 18 January 1441 corresponding to 17 September 2019, continue to apply until the date of entry into force of the Amended Instructions for Book Building Process and Allocation of Stock in Initial Public Offerings in accordance with paragraph (1) of this decision.
3. The content of paragraphs (a) and paragraph (b) of this decision must be announced on the websites of the authority and the Saudi Tadawul Company.
The Board of the Capital Market Authority,
Member of the Board of the Capital Market Authority
Khalid bin Mohammed Al-Solai,
Member of the Board of the Capital Market Authority
Khalid bin Abdulaziz Al-Humoud,
Member of the Board of the Capital Market Authority
Ahmed bin Rajeh Al-Rajeh,
Vice Chairman of the Board of the Capital Market Authority
Yusuf bin Hamad Al-Balihid,
Chairman of the Board of the Capital Market Authority
Mohammed bin Abdullah Al-Kuwaiz
Issued on: 2/3/1444
Corresponding to: 28/9/2022
Published in Umm Al-Qura 4971 issued on 24 February 2023.
Issued on: 23/11/1443
Corresponding to: 22/6/2022
Published in Umm Al-Qura 4971 issued on 24 February 2023.
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 [1 August 2003],
hereby decides
(a) The Sharia Governance Instructions in Capital Market Establishments is hereby adopted in accordance with the form attached, and comes into force from the date of its publication.
(b) As an exception to the provisions of paragraph (a) of this decision, article 3(2), 3(7) and 8(6) of the Sharia Governance Instructions in Capital Market Establishments apply as of 13 Dhu Al-Hijjah 1444 corresponding to 1 July 2023.
(c) The content of paragraphs (a) and paragraph (b) of this decision must be announced on the websites of the authority and the Saudi Tadawul Electronics Company.
The Board of the Capital Market Authority,
Member of the Board of the Capital Market Authority
Khalid bin Mohammed Al-Sulaie
Member of the Board of the Capital Market Authority
Khalid bin Abdulaziz Al-Humoud,
Member of the Board of the Capital Market Authority
Ahmed bin Rajeh Al-Rajeh,
Vice Chairman of the Board of the Capital Market Authority
Yusuf bin Hamad Al-Balihid,
Chairman of the Board of the Capital Market
Mohammed bin Abdullah Al-Kuwaiz
Issued on: 23/11/1443
Corresponding to: 22/6/2022
Published in Umm Al-Qura 4971 issued on 24 February 2023.
Issued on: 12 Sha’ban 1443
Corresponding to: 15 March 2022
Published in Umm Al-Qura 4930 issued on 15 April 2022.