SAUDI ARABIA: CMA Approves to Deregulate the Market Institutions

Thursday December 3 2020

On 1^st December 2020, the Capital Market Authority (CMA) announced that it has issued an approval to deregulate the Market Institutions’ (Exchange Members) commission of buying and selling listed Equities on Nomu- Parallel Market for both seller and buyer, while Tadawul and CMA commission will remain unchanged. The buying and selling of listed equities commission charged by the Market Institutions shall be decided in agreement between the Market Institutions and their clients. This change will be effective from 3/1/2021.

The Saudi Stock Exchange (Tadawul) is committed to the ongoing development of Nomu – Parallel Market. This change is in line with global best practices Nand is currently being introduced as part of the overall Nomu – Parallel Market enhancement plan undertaken by both the CMA and Tadawul.

This move aims to facilitate a more attractive trading environment, enhance the market’s liquidity, and improve the availability of value-added services provided by Market Institutions.

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