a. All references to the “Capital Market Law” in these Rules are to the Capital Market Law issued by Royal Decree No. M/30 dated 2/6/1424H.

b. The expressions and terms in these Rules carry the same meaning as they do in the Capital Market Law and in the Glossary of defined terms used in the Exchange Rules unless the text explicitly notes an alternate meaning.

c. Any person subject to these Rules may appeal before the Committee any decision or action that the Authority or the Exchange takes in accordance with these Rules.

d. These Rules shall not prejudice the provisions of the Capital Market Law, its implementing Regulations, and all relevant laws.

Without prejudice to the provisions of the Capital Market Law, the purpose of these Rules is to regulate:

• a. Exchange membership and access to the Trading System;

• b. the registration of Registered Traders;

• c. the disclosure of information by Exchange Members to the Exchange; and

• d. trading in Listed Securities by Exchange Members.

The Exchange may, after obtaining the Authority's approval, waive any requirement in these Rules based on either a request from the relevant person or its own initiative.

a. Without prejudice to the Capital Market Law and in the event of an emergency situation, the Exchange has the right to:

• 1) suspend any trading session or reduce, extend, or otherwise alter the time of any trading session;

• 2) suspend trading in one or more individual securities.

• 3) Cancel orders transmitted by the Exchange Member to the Trading System.

• 4) Cancel transactions executed in the Trading System that are not finally settled.

b. The emergency situations covered by this provision are as follows:

• 1) failure of the Trading System, Clearing System or the Depositary and Settlement System or any parts thereof

• 2) failure of the Exchange Member’s Technical Equipment or parts thereof, provided that such failure causes incorrect information to be sent to the Trading System or affects trading integrity;

• 3) failure of the network used to connect Exchange Members and the Exchange or parts thereof, provided that such failure causes incorrect information to be sent to the Trading System or affects trading integrity;

• 4) any event that may damage the Trading System, Clearing System or the Depositary and Settlement System such as a cyber-attack;

• 5) any error during changes or updates in the Trading System, Clearing System or the Depositary and Settlement System;

• 6) events that make operating the Trading System, Clearing System or the Depositary and Settlement System impossible, including, but not limited to, natural disasters and unforeseen events; or

• 7) any error in processing the data entered into the Trading System, Clearing System or the Depositary and Settlement System.

c. In emergency situations, the Exchange will take all reasonable measures to ensure that trading continues in a fair and orderly manner, and that it addresses the situation appropriately. This includes trading on alternative temporary bases.

d. Without prejudice to the Capital Market Law and in any situation that does not amount to an emergency as defined in section (b) of this Article, the Exchange may, with the Authority’s approval, suspend any of these Rules’ provisions in whole or in part, or temporarily replace them with new provisions, in addition to suspending trading in whole or in part.

e. The Exchange must make a reasonable effort to inform Exchange Members of any measures taken in accordance with this Article as soon as possible.

f. After removal of the cause of the failure, the Exchange will restore normal trading conditions as soon as possible and determine when such normal conditions will take effect.

g. Exchange Members must inform their clients immediately of failures in their Order Management System and in the Trading System as well as of the resumption of normal operations.

a. The Exchange shall keep records of all data or information available to it under these Rules or that has been provided to it by an Exchange Member or otherwise concerning an Exchange Member. Such records should be maintained for at least ten years.

b. Without prejudice to the relevant laws and regulations, the Exchange may supply any information whatsoever concerning the activities of an Exchange Member which is subject to these Rules only to the following persons:

• 1) the Clearing House or any other clearing house with whom the Exchange has entered into an agreement pursuant to which the parties have agreed to exchange information as required and contemplated by these Rules;

• 2) the Authority, SAMA, judicial body or any government authority which is entitled to receive or request any details or information in accordance with the relevant laws and regulations;

• 3) any affiliate of the Exchange;

• 4) any other person or body to which the Exchange is legally required to disclose the information in accordance with the relevant laws and regulations;

• 5) any other person or body to which the Exchange has agreed to provide to them the information in connection with the activities of the relevant Exchange Member which are subject to these Rules, including (but not limited to) any information technology providers or other outsourced service providers to the Exchange;

• 6) any data repository or similar body;

• 7) any securities depository or securities settlement system; and

• 8) any other person specified by the Authority.

a. Persons seeking to access the Trading System must first become Exchange Members.

b. notwithstanding paragraph (a) of this Article, the Exchange may allow Securities Central Counterparties to access the Trading System pursuant to procedures determined by the Exchange. The conditions, responsibilities, and obligations related to Exchange Members and Registered Traders mentioned in these Rules shall not be applicable on the Securities Central Counterparties when given the access to the Trading System.