Saudi Exchange Publishes the Draft Amendments to the Glossary of Defined Terms Used in the Exchange Rules and the Listing Rules in Light of the Draft Regulatory Framework to Regulate the Secondary Offerings in the Saudi Capital Market for Public Consultation

Saudi Exchange Publishes the Draft Amendments to the Glossary of Defined Terms Used in the Exchange Rules and the Listing Rules in Light of the Draft Regulatory Framework to Regulate the Secondary Offerings in the Saudi Capital Market for Public Consultation

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