New rules for offering securities from April 1: CMA

Saudi Arabia’s Capital Market Authority (CMA) on Thursday said the Rules of Offering Securities and Continuing Obligations, approved in December last year, will be applicable starting April 1, 2018.

“The listing rules aim to regulate listing of securities, continuing obligations on the issuers of listed securities, suspension of trading listed securities and delisting of listed securities,” the market regulator said in a statement.

The new rules also regulate the notifications related to holdings in securities or interest in listing securities, under the applicable regulations in accordance to the form available on Tadawul website.