Wednesday July 9 2025
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Saudi Arabia
On 7th July 2025, the Capital Market Authority’s (CMA) Board approved the regulatory framework for the offering of Saudi depositary receipts in the capital market representing shares issued in a foreign country and listed on its capital market, to be effective as of the date of its publication.
The approval of this regulatory framework aims to introduce a new security through the regulation of issuing depositary receipts in the capital market for shares listed in a foreign market, contributing to the deepening of the Saudi capital market and enhancing its role in capital formation, while also increasing its attractiveness by providing additional listing options and diversifying investment products.
According to the approved regulatory framework, the CMA will allow foreign companies to register and offer depositary receipts in the Saudi capital market representing their shares listed in foreign markets, upon obtaining the required approval.
The amended Rules on the Offer of Securities and Continuing Obligations and the amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be accessed through the following links:
Rules on the Offer of Securities and Continuing Obligations
Glossary of Defined Terms Used in The Regulations and Rules of the Capital Market Authority
The adoption of the regulatory framework, the Saudi Exchange (Tadawul) and the Securities Depository Center Company (Edaa) have announced the publication of the amended the Exchange Rules and Procedures, which can be accessed through the following link:
The amended Exchange Rules and Procedures
Click on the above link for further information
