Saudi Srabia's Capital Market Authority: Issuance Of The Board Resolution To Approve The Amended Rules For Qualified Foreign Financial Institutions Investment In Listed Securities

As part of Capital Market Authority's ("CMA") strategic objectives to develop the capital market and to expand the institutional investments, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/6/1424H, and based on the Rules for Qualified Foreign Financial Institutions Investment in Listed Shares issued by the Board resolution Number (1-42-2015) Dated 15/7/1436H corresponding to 4/5/2015G amended by Resolution of the Board of the Capital Market Authority Number (3-104-2016) Dated 5/11/1437H Corresponding to 8/8/2016G. The CMA Board has issued its Resolution dated 22/1/1439H corresponding to 9/1/2018G approving The amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities ("Rules"), and will enter into force starting from 6/5/1439H corresponding to 23/1/2018G.