FAQs for Implementing Regulations

The content of this page shall not prejudice the provisions of the Capital Market Law, the Companies Law, their Implementing Regulations or other relevant laws. The content of this page shall not be considered an alternative to the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations. In the event of any conflict between the content of this page and the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations, those Laws and Regulations shall prevail. And as the Implementing Regulations issued by the CMA are subject to constant update, reliance shall be always on the Regulations published on CMA's website.

 

    Category
    Are there punishments for people who practice brokerage in the stock market without obtaining a license?
    What is the definition of a Qualified Foreign Investor (QFI)?
    What are the securities that the Rules permit QFIs to invest in?
    Can a QFI invest in fund not managed by him and invest directly in the Saudi Exchange?
    How can non-resident foreign investors that do not qualify as QFIs be able to gain exposure to the Saudi listed securities?
    How is investing through the QFI Framework different from investing through the Swap Agreements Framework?
    Are QFIs subject to the Saudi Income Tax Law?
    Who is responsible for deducting the withholding tax on dividends distributed to QFIs?
    Can QFIs participate in Initial Public Offerings (IPOs)?
    Can QFIs vote in general assembly meetings?
    Are QFIs able to vote by proxy in relation to the shares they own?
    Are QFIs able to vote electronically in respect of the shares owned by them?
    Can QFIs nominate representatives for the board of directors of listed companies?
    Can GCC citizens and foreign residents invest in listed securities through the QFI Framework?
    Does the fact that I am unaware of CMA’s regulations and instructions exempts me from questioning?
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