The Capital Market Authority Board has approved the amended Listing Rules after it has been published on the website of CMA for public consultation for 90 days. The Authority stated that it took into account while working on the rules all observations, proposals and inquires received from the public, experts and all concerned parties during the consultation period. In addition, the Authority also took into consideration the joint project between the Capital Market Authority and the Saudi Stock Exchange (Tadawul) to separate the tasks and functions between them according to the related Capital Market Law provisions. Teams from both entities would review all the implementing regulations and internal policies and procedures to achieve the target goals. The Listing Rules regulates the requirements for companies' public offering and listing on the Saudi Stock Exchange (Tadawul), prospectuses, capital increase including the rights issue, continuous obligations on listed companies including the disclosure of material development and financial information.
