Tadawul seeks public feedback on amendments to listing rules of debt instruments

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The Saudi Exchange (Tadawul) published the draft amendments to the listing rules of debt instruments for public consultation.

The proposed amendments to the listing rules aim to facilitate listing requirements for debt instruments by reducing the minimum listing size of sukuk and bonds, Tadawul said in a statement.

In addition, the proposed changes include excluding debt instruments offered as an exempt offer in accordance with the rules on the offer of securities and continuing obligations issued by the Kingdom’s development funds and banks.

Moreover, the Kingdom’s sovereign funds are also exempt from the provisions of Article 3 of the listing rules, which will contribute to stimulating the issuance of sukuk and bonds and activating the debt capital market as one of the main channels for financing business and the economy, without compromising the level of investor protection.

Tadawul will receive feedback and observations no later than July 31, 2024, through the following email: Public.Consultation@tadawulgroup.sa

The feedback will be considered and assessed while the final version is issued.