Latest news with #PublicConsultationPlatform
Argaam
27-04-2025
- Business
- Argaam
SAMA seeks public feedback on financing regulations update
The Saudi Central Bank (SAMA) seeks public opinion on the draft rules for the "Executive Regulations of the financing companies control system', through the Public Consultation Platform 'Istitlaa', over a period of 30 days. The feedback will be reviewed after the deadline to finalize the regulations. This initiative aligns with SAMA's role in overseeing and regulating the financing sector, supporting its stability and growth by increasing the total financing a company can provide. The update includes support for companies applying for licenses by reducing the required bank guarantee amount when submitting applications. It also reviews the relevant provisions of related parties and clarifies conditions for the expiration of a financing company's license. Key elements of the update include regulating requirements for financing activities, enabling financing companies to increase liquidity and contribute to gross domestic product (GDP), reviewing the relevant provisions of related parties, acquisitions, public offerings, and conditions for founders and board members, and reducing the minimum bank guarantee required for licensing from 100% to 20% of the minimum capital.
Zawya
10-04-2025
- Business
- Zawya
The Capital Market Authority calls for public consultation on the draft regulatory framework for the offering and listing of different classes of shares
The Capital Market Authority (CMA) called upon relevant and interested persons participating in the capital market to share their feedback on the Draft to develop the regulatory framework for the offering and listing of different classes of shares. The consultation period will last for 30 calendar days, ending on 11/11/1446H, corresponding to 09/05/2025. The proposed draft aims to develop the regulatory framework, including the enhancement of disclosure requirements related to various types and classes of shares. It also includes regulating disclosure requirements for redeemable shares and disclosures related to the conversion of shares from one type or class to another. This is intended to facilitate the financing of such companies through the capital market, contribute to meeting the financing needs of companies and the economy, and provide a broader range of investment options for investors. The proposed draft also includes the development of the regulatory framework for capital increases by listed companies, allowing capital to be raised through the registration and offering of a new type or class of shares that has not been previously listed. In addition, it regulates the increase of issued capital within the limits of the authorized capital, thereby enhancing the role of the capital market in capital formation. The proposed amendments include requiring a person to submit a notification to the Exchange if they own or have an interest in 5% or more of the voting rights of the issuer's shares. Currently, the notification requirement is limited to ownership or interest in 5% or more of the issuer's total shares. The draft regulatory framework for the offering and listing of different classes of shares comes following the Companies Law, which permits companies to issue various types and classes of shares and grant specific rights or privileges to those classes. The Implementing Regulation of the Companies Law for Listed Joint Stock Companies also include several provisions related to the types and classes of shares. The CMA emphasized that the comments of relevant and interested persons shall be taken into full consideration for the purpose of approving the final Proposed Amendments, which in turn shall contribute to the aim of enhancing and developing the regulatory environment. Opinions and comments can be received through any of the following: •The Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the National Competitiveness Canter through the following link: ( •The prescribed form through the following email: ( The Draft can be viewed via the following link:
Zawya
26-03-2025
- Business
- Zawya
The Capital Market Authority calls for public consultation on the development of investor categories in the parallel market
The Capital Market Authority (CMA) called upon relevant and interested persons participating in the capital market to share their feedback on the draft "Development of Investor Categories in the Parallel Market", which includes proposed amendments to the categories of investors permitted to invest in the Parallel Market. The consultation period will last for 30 calendar days, ending on 30/10/1446H, corresponding to 28/04/2025. The proposed draft aims to develop the investor categories in the Parallel Market – Nomu by easing the criteria and requirements that investors must meet to be eligible to trade and invest in the market, which is expected to have a positive impact on the market. The key proposed amendments include revising the term "Qualified Investor in the Parallel Market" to refer exclusively to the categories eligible to invest in the market. The amendments also ease the criteria imposed on individual investors wishing to enter and invest in the Parallel Market – Nomu. Under the proposed criteria, an investor would be required to have completed transactions amounting to SAR 30 million during the past 12 months, with the removal of the requirement to execute at least ten transactions per quarter. Previously, the condition required completing transactions worth SAR 40 million through at least ten transactions during the past 12 months. This means eliminating the quarterly transaction count requirement and reducing the minimum transaction value by SAR 10 million. In addition, the proposed amendments include classifying the board members and members of the committees emanating from the board of directors in companies listed in the Parallel Market as qualified investors allowed to invest in the Parallel Market. The CMA emphasized that the comments of relevant and interested persons shall be taken into full consideration for the purpose of approving the final Proposed Amendments, which in turn shall contribute to the aim of enhancing and developing the regulatory environment. Opinions and comments can be received through any of the following: The Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the National Competitiveness Canter through the following link: ( The prescribed form through the following email: ( The Draft can be viewed via the following link: The Draft to Develop the Categories of Investors in the Parallel Market Prescribed form for providing comments Contact: Capital Market Authority Communication & Investor Protection Division Media@ About CMA: The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister. For more information about CMA, please visit the official website:
