SAUDI ARABIA: TADAWUL Publishes Draft Amendments of the Listing Rules

Friday July 19 2024

On 18^th July 2024, the Saudi Exchange (TADAWUL) published the draft amendments of the Listing Rules of debt instruments in the Saudi Exchange for public consultation.

Proposed amendments to the Listing Rules which are aimed at facilitating listing requirements for debt instruments by reducing the minimum listing size of sukuk and bonds in addition to excluding offered Debt Instruments by way of exempt offer in accordance with the Rules on the Offer of Securities and Continuing Obligations issued by the Kingdom’s development funds and banks and the Kingdom’s sovereign funds from the provisions of part 3 of the Listing Rules, this contributes 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.

Click on the above link for further information