| Release Date: | 1446-11-23 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 2025-54-1 |
| Validity: | Cancelled |
| Summary: | By AI The text addresses definitions and procedures related to investment funds and securities, including fund management fees, issuer procedures, and securities trading. It also explains procedures for adjusting the reference price, suspending trading, and granting market maker status. The text discusses the evaluation of the total value of the fund's assets and the stress tests conducted by the fund manager. It covers debt instruments, their types, and listing on financial markets, in addition to no... |
| Umm Al-Qura Newspaper: | ![]() |
This issuance includes the following amendments:
1- The definition of the term “Sponsor” has been amended.
2- A new term has been introduced: “Special Purpose Acquisition Company (SPAC)”.
The issuance included a minor amendment to the definition of “Counterparty,” by deleting paragraph (8) “Qualified Foreign Investor” and renumbering the paragraphs accordingly.