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Saudi Exchange Announces Approval Of The Amended Listing Rules

Date 03/03/2022

The Saudi Exchange Company announces that the Capital Market Authority’s Board has issued its resolution number (1-19-2022) Dated 12/7/1443H corresponding to 13/2/2022G approving the following:

 

The amendments of the Listing Rules (“Rules”) include introducing provisions related to the Condition of capital increase through issuing shares with the suspension of preemptive right in light of the amendments on Offering of Securities and Continuing Obligations Rules to further organize capital increases.

It should be noted that these Rules shall be effective on 30/07/1443 H corresponding to 03/03/2022 G.