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.