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D) Proposed amendments to the Rules on the Offer of Securities and Continuing Obligations compared with the current provisions:
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C) Proposed amendments to the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority compared with the current provisions:
PART 4Public Offer
Chapter 1: General Provisions
Article 15: Application of the Provisions on Public Offers
a) The purpose of this Part is to regulate the registration and public offering of securities in the Kingdom.
b) Securities may not be offered by way of a public offer except in accordance with this Part.
c) A foreign issuer who submits an application for listing its shares in the Main Market pursuant to the Listing Rules shall be subject to Article (18) of these Rules.
PART 4Public Offer
d) The registration and public offering of Saudi Depositary Receipts shall be subject to the provisions regulating the registration and offering of shares stated in this Part (as applicable). For the purpose of implementing the provisions of the Law and its Implementing Regulations, the foreign company whose shares correspond to the Saudi Depositary Receipts is considered the issuer of those Receipts.
Last update: 21 October 2024
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