​The Capital Market Authority (CMA) published today the draft of the updated Listing Rules “The Rules” on its website. It has asked the public and those concerned to provide their comments and suggestions on the updated Rules. CMA will continue to receive comments and suggestions through its official channels for a period of 90 days until 21/5/1437H corresponding to 1/3/2015. All received comments will be taken into consideration for the purpose of finalizing the Rules. To review a draft of the Rules, please click the hyperlink below: http://www.cma.org.sa/en/MediaCenter/PR/Documents/LISTING_RULES_En_Draft.pdf

The suggested changes are part of CMA's efforts and initiatives to develop the capital market in the Kingdom. One of the most important initiatives is to develop and update the implementing regulations and the application of the provisions of the law through 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.