CMA exempts listed companies from paying fees for 1 year and debt issuers until end of 2025

The Capital Market Authority (CMA) board of commissioners issued its resolution to exempt listed companies for one year, starting from June-end 2020, from paying the fees of submitting an application to register shares, reviewing the application related to the registration of shares, and the registration of shares for requests to register and offer new shares of a class already listed by raising capital either by way of rights issue or debt conversion.

In a statement, CMA said that the board of commissioners also issued its resolution to extend the exemption to debt instruments issuers intending to publicly offer debt instruments from paying the fees payable to the CMA upon submitting an application to register debt instruments, reviewing the application related to the registration of debt instruments and registration of debt instruments until the end of 2025.

The statement added that this initiative is part of CMA’s efforts to alleviate the economic impacts resulted by the COVID-19 pandemic and is in line with the precautionary measures announced by CMA to assist the participants in the capital market during these exceptional circumstances.

Additionally, this initiative is in line with the CMA's efforts to enhance the regulatory environment and stability of the capital market, as well to achieve the role of the capital market in facilitating financing, stimulating investment and providing the necessary support to maintain the soundness and stability of the financial sector and all its participants.