​As part of the CMA pursuit to develop the Debt instruments market in line with the initiatives of the "Financial Sector Development Program" one of the main programs to achieve the Saudi Arabian Vision 2030 and in continuation to CMA's role in regulating and developing the capital market.

The CMA Board has issued its resolution obligating issuers of Saudi riyal-denominated privately placed debt instruments offered in accordance with the Capital Market Law and its Implementing Regulations by Saudi Joint Stock Companies and affiliate Special Purposes Entities, to deposit local issuances with the Securities Depository Center Company (Edaa), provided that this takes effect from the date 23/02/1443H corresponding to 01/10/2021G, in which the deposition of privately placed debt instruments must be within a maximum period of ten days from the completion of the offering or the completion of the offering of each issue if the offering is a debt issuance program, or within a period not later than 23/02/1443H corresponding to 01/10/2021G in relation to issuances that have been offered prior to the aforementioned effective date.

The mentioned CMA Board resolution also obligated Authorised Persons of whom private placements of Saudi riyal-denominated debt instruments are made or will be made through for Saudi Joint Stock Companies and affiliate Special Purposes Entities to disclose the issuance profile for the debt instruments offered on the website of the Saudi Stock Exchange (Tadawul), starting from 23/02/1443H corresponding to 01/10/2021G, and for the disclosure to be within a maximum period of ten days from the completion of the offering or the completion of each issue if the offering is a debt issuance program, or within a period not later than 23/02/1443H corresponding to 01/10/2021G in relation to issuances that have been offered prior to the aforementioned effective date.

Furthermore, it should be noted that the CMA Board resolution has waived the fees collected by the Securities Depository Center Company (Edaa) on behalf of issuers of privately placed debt instruments whose volume of issuances does not exceed 500 million Saudi Riyals, for a maximum of two issuances per issuer. Additionally, the CMA has waived the fees collected by the Securities Depository Center Company (Edaa) and the Saudi Stock Exchange (Tadawul) on behalf of issuers of listed debt instruments for a maximum of two issuances per issuer, for a period of five years. A continuation of the efforts made by the Capital Market Authority to develop the capital market, and to motivate investors and issuers of debt instruments by enhancing transparency and liquidity and raising the attractiveness and efficiency of the market.