Aggregated News From Investment Management Regulators

Saudi Arabia

The Capital Market Authority Announces the Approval on the Registration and the Public Offering of Debt-Based Recourse Debt Instruments Program of the Special Purposes...

The Capital Market Authority (“CMA") announces the issuance of its Board resolution dated 1444/03/02 AH corresponding to 2022/09/28 AD approving the application of Special Purposes Entity Al Kathiry Sukuk (“SPE") for the registration and public offering of debt-based recourse debt instruments within a program that does not exceed the value of 500 million Riyal submitted by, established under license No. (SPE00034) dated 1443/05/12 AH corresponding to 2021/12/16 AD by Al Kathiri Holding Company ("Sponsor"). Moreover, the prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor...

An Announcement from Capital Market Authority regarding the approval of Real Estate Investment Traded Fund “Alinma Hospitality REIT Fund”

The Capital Market Authority announces that it has issued its resolution approving “Alinma Investment Company" request to offer and register "Alinma Hospitality REIT Fund" units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund. Terms and Conditions (T&Cs) of "Alinma Hospitality REIT Fund" can be obtained from the fund manager's website and the CMA's website, which contain all relevant information that the investor needs to consider before making (or refraining from) an investment decision. An Investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs...

The Capital Market Authority Announces the Approval on the Registration and Offering shares of Meshkati Trading Company in the Parallel Market

The Capital Market Authority "CMA" Board has issued its resolution dated on 02/03/1444H corresponding to 28/09/2022G approving Meshkati Trading Company's "the Company" application for the registration and offering of (900,000) shares representing (25%) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If...

The Capital Market Authority Announces the Approval on the Registration and Offering shares of Leen Alkhair Trading Company in the Parallel Market

The Capital Market Authority "CMA" Board has issued its resolution dated on 02/03/1444H corresponding to 28/09/2022G approving Leen Alkhair Trading Company's "the Company" application for the registration and offering of (958,750) shares representing (23.5%) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus....

The Capital Market Authority announces the Approval on the Registration and the Initial Public Offering of AlSaif Stores for Development and Investment Company’s Shares

The Capital Market Authority ("CMA") Board has issued its resolution dated 02/03/1444H corresponding to 28/09/2022G approving AlSaif Stores for Development and Investment Company's ("the company") application for the Registration and the offering of (10,500,000) shares representing (30%) of the Company's share capital. The Company's prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the Company's financial statements, activities and management. A subscription decision without reading the prospectus carefully or fully reviewing its content may involve high risk....

The Capital Market Authority Announces the Approval of the Regulatory Framework for Equity Crowdfunding

The Capital Market Authority ("CMA") Board issued its resolution approving the amended Capital Market Institutions Regulations, the amended Investment Accounts Instructions, the amended Rules on the Offer of Securities and Continuing Obligations, and amending the Glossary of Defined Terms Used in The Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publication. These amendments aim to support financial technology innovations in the capital market by setting out a regulatory framework for equity crowdfunding, including determining the requisite authorization for capital market institutions to carry it out, and to enable companies that...

The Capital Market Authority Announces the Approval of the Total Assets Value Increase of Real Estate Investment Traded Fund “SICO Saudi REIT”

The Capital Market Authority has issued its resolution approving SICO Capital Company's (“Fund Manager") request to increase "SICO Saudi REIT" (“The Fund") total assets value by issuing additional units for acquiring real estate assets. Such approval was granted upon the fund manager's request complied with the relevant requirements as per the Real Estate Investment Funds Regulations. Prior to unitholders meeting that will be held to vote on increasing the fund's total assets value by issuing additional units, the fund manager will publish the Supplementary Annex of the T&Cs to the unitholders on the fund manager's website and exchange's website including all...

The Capital Market Authority Announces the Approval of Amendments to the Rules on the Offer of Securities and Continuing Obligations

The Capital Market Authority ("CMA") Board issued its Resolution to approve the amendment of the Rules on the Offer of Securities and Continuing Obligations, and the amendment of the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publication. The amendments of Rules come as a part of the CMA's efforts to develop debt instruments market through providing issuers and investors with varied investment mechanisms and products to ensure boosting liquidity and deepening sukuk and debt instruments market. The key amendments included stipulating the conditions...

The Capital Market Authority Announces the Approval on the Registration and Offering shares of Molan Steel Company in the Parallel Market

The Capital Market Authority "CMA" Board has issued its resolution dated 30/02/1444H corresponding to 26/09/2022G approving Molan Steel Company's "the Company" application for the registration and offering of (532,414) shares representing (20.02%) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If the...

The Capital Market Authority Announces the Approval on the Registration and Offering shares of Saudi Top for Trading Company in the Parallel Market

The Capital Market Authority "CMA" Board has issued its resolution dated 30/02/1444H corresponding to 26/09/2022G approving Saudi Top for Trading Company's "the Company" application for the registration and offering of (880,000) shares representing (%22) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus....

Amendment to Business Profile of BNP Pariba Investment Company KSA

Based upon the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its Implementing Regulations, the Capital Market Authority announces its approval to the amendment of the Business Profile requested by BNP Pariba Investment Company KSA, to be authorized to conduct Dealing, Custody, Arranging, and Advising activities in the Securities Business. Source link

The Capital Market Authority announces the Approval on the Registration and the Initial Public Offering of Power and Water Utility Company for Jubail and...

The Capital Market Authority ("CMA") Board has issued its resolution dated 30/02/1444H corresponding to 26/09/2022G approving Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) ("the company") application for the Registration and the offering of (73,094,500) shares representing (29.24%) of the Company's share capital. The Company's prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the Company's financial statements, activities and management. A subscription decision without reading the prospectus carefully or fully reviewing its content may...

Regulator Information

Regulator Name: Capital Market Authority
Abbreviation: CMA
Jurisdiction: Saudi Arabia

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