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Hind Al Soulia - Riyadh - RIYADH — The Capital Market Authority (CMA) announced that its board issued a ruling on Oct. 26, 2020, obligating the issuers of listed securities in the main market to make any notification to the Saudi Stock Exchange (Tadawul), as well as to disclosures to the public, in both Arabic and English languages from Jan. 1, 2021.
However, investment traded funds will be required to issue the terms and conditions in English from April 1, 2021.
The decision aims to regulate and monitor full disclosure of information relating to securities, enhance transparency and facilitate the flow of information to the investors and the public.
It also said that allowing information to be in both Arabic and English languages will bring fairness to the local and foreign investors and contribute to raising the level of research, studies, and evaluations conducted on the Saudi financial market. — SG
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