08 January, 2025 16:01
The Saudi Exchange and The Securities Depository Center (Edaa) are committed to involve all concerned and interested parties to participate and share their views on the regulatory framework. This been said, Saudi Exchange and The Securities Depository Center (Edaa) announce the publishing of the draft amendments to the Exchange Rules and Procedures for public consultation, which can be viewed through the following link: • The Draft Amendments to the Exchange Rules and Procedure (Click Here). Launching the Saudi Depository Receipts (SDRs) project aims to enable local and international investors to trade shares of foreign issuers on the Saudi Capital Market in Saudi Riyals. SDRs also provides foreign issuers with the opportunity to offer and list their shares on the Saudi Capital Market, by appointing a local depository institution (Capital Market Institution authorized by the Authority to carry out the securities activity of custody.) to issue depository receipts representing their foreign shares on the Saudi Capital Market. This project will contribute to increase the market size and enhance its attractiveness for both international and local investors, as well as provide diverse investment opportunities in foreign issuers. It is also considered one of the various options for foreign issuers to offer and list on the Saudi Capital Market. Saudi Exchange and The Securities Depository Center (Edaa) would be pleased to receive your feedback and observations no later than 08/08/1446H corresponding to 07/02/2025G through the following email: Public.Consultation@tadawulgroup.sa All opinions and observations shall be considered and assessed during the process of issuing the final versions of the documents.
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