As part of the Saudi Exchange keenness to involve all concerned and interested parties to participate and share their observations on the Market regulatory frameworks, the Saudi Exchange announces publishing the draft amendments to Glossary of Defined Terms Used in the Exchange Rules and Listing Rules in light of the draft Regulatory Framework to Regulate the Secondary Offerings in the Saudi Capital Market for public consultation, which can be viewed through the following link:

•    Draft Amendments to Glossary of Defined Terms Used in the Exchange Rules and Listing Rules (Click here).

The draft aims to amend the Glossary of Defined Terms Used in the Exchange Rules and the Listing Rules to identify the mechanism of applying the lock up period on the Selling Shareholder in the Secondary Public Offering and the Secondary Offering in the Parallel Market in accordance with the provisions of the Draft Regulatory Framework to Regulate the Secondary Offerings in the Saudi Capital Market which is published in the Capital Market Authority’s website for public consultation. Regulating the Secondary Public Offering and Secondary Offering in the Parallel Market aims to regulate an option to the shareholders to sell their listed shares in the Exchange fully or partially through a secondary offering process, as well as increasing attractiveness to the Exchange by enhancing liquidity by raising the proportion of free shares in the Exchange, and providing more opportunities to the all investors.
Noting that the proposed amendments to Glossary of Defined Terms Used in the Exchange Rules and Listing Rules to Regulate the Secondary Offering in Saudi Exchange are linked to the Draft Amendments to the Glossary of Defined Terms Used in The Regulations and Rules of The Capital Market Authority and Rules On The Offer Of Securities and Continuing Obligations  Regulate the Secondary Offering in the Saudi Capital Market published for public consultation on the Capital Market Authority’s website which can be viewed through the following link:
•    Draft Regulatory Framework to Regulate the Secondary Offerings in the  Saudi Capital Market (Click here).

Saudi Exchange would be pleased to receive your feedback and observations no later than 21/12/2023G corresponding to 08/06/1445H through the following email: [email protected]

Your feedback shall be considered and assessed during the process of issuing the final versions.