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ActionsThe Permission of the FinTech experiment granted to Kafaa Capital to test Offering and Investment in Debt Instruments, and its completion of the commencement of business requirements
Based on the Capital Market Law issued by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experimental Permit instructions issued by the Board of the Capital Market Authority, The Capital Market Authority announces that Kafaa Capital has completed the commencement of business requirements to experiment the Financial Technology permit in relation to test Offering and Investment in Debt Instruments pursuant to the decision of CMA's Board of Directors dated 10/05/2023G.
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The Capital Market Authority Announces the Approval on the Registration and Offering shares of Al Battal Factory for Chemical Industries Company in the Parallel Market
The Capital Market Authority "CMA" Board has issued its resolution dated on 15/03/1446H corresponding to 18/09/2024G approving of Al Battal Factory for Chemical Industries Company "the Company" application for the registration and offering of (670,000) shares representing (20.09%) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision. The CMA’s approval on the application should never be considered as a recommendation to invest in the offering or shares of the company. The CMA’s approval on the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met. The CMA’s approval on the application shall be valid for (6) months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the Company's shares are not completed within this period.
18/09/2024 17:47:58 -
The Capital Market Authority Announces the Approval on the Registration and Offering shares of Shmoh Almadi Company in the Parallel Market
The Capital Market Authority "CMA" Board has issued its resolution dated on 15/03/1446H corresponding to 18/09/2024G approving of Shmoh Almadi Company’s "the Company" application for the registration and offering of (1,400,000) shares representing (14.89%) of the Company's share capital in the Parallel Market. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision. The CMA’s approval on the application should never be considered as a recommendation to invest in the offering or shares of the company. The CMA’s approval on the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met. The CMA’s approval on the application shall be valid for 6 months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the Company's shares are not completed within this period.
18/09/2024 17:38:36 -
Announcement Regarding The Approval On Listing Government Debt Instruments Of a Class Already Listed
Saudi Exchange has issued its resolution approving the listing request of the debt instruments from a class already listed, issued by the Government of the Kingdom of Saudi Arabia submitted by the Ministry of Finance as per the Listing Rules with a total value of SAR (2,602,735,000) detailed as follow: 1. Increase in issuance 10-01-2019 (Tadawul code: 5274) by SAR 375,000,000 to reach a total of SAR 18,995,184,000. 2. Increase in issuance 07-04-2024 (Tadawul code: 5343) by SAR 638,280,000 to reach a total of 20,475,406,000. 3. Increase in issuance 12-04-2024 (Tadawul code: 5344) by SAR 201,500,000 to reach a total of SAR 8,543,356,000. 4. Increase in issuance 10-01-2024 (Tadawul code: 5338) by SAR 1,021,130,000 to reach a total of SAR 43,430,280,000. 5. Increase in issuance 15-01-2024 (Tadawul code: 5339) by SAR 111,825,000 to reach a total of SAR 7,839,927,000. 6. Increase in issuance 2017-07-10 (Tadawul code: 5245) by SAR 255,000,000 to reach a total of SAR 3,955,000,000. Accordingly, the listing of government debt instruments reissue shall commence starting from Thursday 19/09/2024.
18/09/2024 15:33:06 -
The Saudi Exchange announces that the fluctuation limits for Bena Steel Industries Co. will be based on a share price of SAR 36.95
Bena Steel Industries Co. EGM held on Tuesday 2024/09/17 has approved the capital increase via bonus shares. Thus, the fluctuation limits on Wednesday 2024/09/18 for Bena Steel Industries Co. will be based on a share price of SAR 36.95 and the outstanding orders will be canceled. Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by Sunday 2024/09/22.
18/09/2024 08:27:06 -
An Announcement from Capital Market Authority regarding the approval of Exchange Traded Fund " Albilad CSOP MSCI Hong Kong China Equity ETF "
The Capital Market Authority announces that it has issued its resolution approving AlBilad Investment Company’s request to offer " Albilad CSOP MSCI Hong Kong China Equity ETF " units on the Saudi Stock Exchange (Tadawul) as an Exchange Traded Fund. Terms and Conditions (T&Cs) of " Albilad CSOP MSCI Hong Kong China Equity ETF " can be obtained from the fund manager’s website and the CMA's website, which contain all relevant information that the investor needs to consider before making (or refraining from) an investment decision. An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the " Albilad CSOP MSCI Hong Kong China Equity ETF " strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in " Albilad CSOP MSCI Hong Kong China Equity ETF ", taking into consideration the associated risks. And if the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor. The CMA’s approval of "Albilad CSOP MSCI Hong Kong China Equity ETF " should not be considered as a recommendation to invest in it. The CMA's approval of "Albilad CSOP MSCI Hong Kong China Equity ETF" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
17/09/2024 09:31:25