All Tadawul-listed issuers must issue disclosures in English and Arabic – Saudi regulator

All Tadawul-listed issuers must issue disclosures in English and Arabic – Saudi regulator

Saudi Arabia's stock market regulator has now made it mandatory for all issuers of listed securities on Tadawul to make any notification to the exchange and disclosures to the public in both Arabic and English.

The decision, taken by the Capital Market Authority's (CMA) board, takes effect from January 1, 2021, a statement said.

The CMA said an exception will be made for investment traded funds (ITFs), who will have to make the disclosures in English and Arabic starting from April 1, 2021.

The regulator said the decision comes amidst its "continuous endeavour to regulate and monitor full disclosure of information relating to securities and issuers, and to enhance transparency, facilitate the flow of information to the investors and to the public, and to limit risk in security transactions“.