APPROVAL OF THE AMENDED LISTING RULES AND THE AMENDED GLOSSARY OF DEFINED TERMS USED IN THE EXCHANGE RULES.
The Saudi Stock Exchange (Tadawul) announces that the Capital Market Authority’s Board has issued its resolution number (1-104-2019) Dated 1/2/1441H corresponding to 30/9/2019G approving the following:
The amendment of the Listing Rules (“LRs”) includes introducing provisions related to the mechanism of transfer from the Parallel Market to the Main Market, provisions related to direct listing on the Parallel Market, and provisions related to cross listing of shares for foreign issuers. In addition, the amended LRs includes, under Article 36, new suspension and cancelling circumstances in light of the Bankruptcy Law.
The amendments of the Glossary of defined terms used in the Exchange includes amending the definitions of the terms Normal Trade and Small Trade and adding a new definition for the Bankruptcy Law.
It should be noted that these Rules and Glossary shall be effective on 7/2/1441 H corresponding to 6/10/2019 G.