Saudi CMA approves rules of offering securities

31/12/2017 Argaam

 

The Saudi Capital Market Authority’s (CMA) board has issued a resolution approving the Rules of Offering Securities and Continuing Obligations, the regulator said in a statement on Sunday.

 

The CMA board has also approved the updated glossary of defined terms used in the authority’s rules and regulations, as well as the listing rules issued by the Saudi Stock Exchange (Tadawul).

 

The new regulations will be applicable starting April 1, 2018.

 

“The Rules of Offering Securities and Continuing Obligations aims to regulate the offering of securities in Saudi Arabia,” the CMA said in the statement.

 

“It includes the conditions of the offer of securities, identifies the requirements of listing and offering, and the conditions and requirements of capital changes,” the regulator added.

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