Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will cut the par value of 29 domestic government debt instruments to SAR 1,000 apiece instead of SAR 1 million.

The decision will come into force starting from Sunday, 9 June, without changing in the issuance size, according to Tadawul’s recent statement.

The Saudi bourse has earlier approved the ministry of finance’s request to reduce the par value of the government’s 29 issuances.

Moreover, the Securities Depository Center Company (Edaa) will work on restructuring fees for the services provided in the sukuk and bonds market.

The fess of initial public offering (IPO) file upload will be decreased to SAR 10,000, for listed sukuk and bonds, instead of SAR 50,000.

Similarly, the annual registry fees will be slashed from SAR 100,000 to SAR 20,000 for listed sukuk and bonds.