Tadawul seeks public feedback on amendments to exchange and listing rules glossary

Tadawul trading screen

The Saudi Exchange (Tadawul) published the draft amendments to the glossary of defined terms used in the exchange and listing rules in light of the draft regulatory framework to regulate the secondary offerings in the Saudi capital market for public consultation.

The draft amendment seeks to modify the terms used in the listing as well as the market regulations pertaining to the lockup period on the selling investor in the Nomu-Parallel Market, in line with the draft regulations of the public secondary offerings in the Saudi Market, published by the Capital Market Authority (CMA), Tadawul said in a statement.

The draft regulations targeted organizing the shareholders’ sale of part or entire ownership via a secondary offering, in addition to boosting market attractiveness, the statement added.

The draft amendment of terms used in listing and market regulations