​In accordance to the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its Implementing Regulations, the Capital Market Authority announces that Digital Two Financial Company has completed the commencements of business requirements to conduct Managing investments Activity in the Securities Business licensed as per CMA resolution dated 13/01/1445H corresponding to 31/07/2023G.

The Capital Market Authority's (CMA's) Board approved amendments to the Rules for Registering Auditors of Entities Subject to the Authority's Supervision, to be effective from the date of their publication.

The approved amendments aim to provide a legislative environment aligned with international best practices, and consistent with the relevant laws and regulations, in order to enhance the quality of audit engagements for entities subject to the CMA's supervision and improve the quality of information disclosed by accounting firms registered with the CMA.

Among the key approved amendments is the introduction of requirements for registered accounting firms to enhance the qualification of their professional staff. The key requirements include the presence of a sufficient number of audit managers who hold the Saudi Organization for Chartered and Professional Accountants (SOCPA) fellowship, or equivalent professional fellowships accepted by the CMA, commensurate with the nature, scale, and complexity of the registered accounting firm's business activities.

The approved amendments also require an appropriate quality management system for engagements to audit and review financial statements, as well as registered accounting firms' compliance with professional standards when reviewing interim financial statements and auditing annual financial statements of entities subject to the CMA's supervision, thereby enhancing the quality of audit work and increasing investor confidence in the market.

The approved amendments further require registered accounting firms to comply with detailed instructions when the CMA conducts inspections on them, by cooperating with the CMA and providing it with the required information, data, and documents. Registered accounting firms are also required to prepare a corrective action plan, where warranted by the outcome of the CMA's inspection, submit it to the CMA for approval, and comply with its implementation. In addition, registered accounting firms are required to share the CMA's final inspection results on a listed company's audit file with that company's audit committee, thereby enabling audit committees to perform their duties in monitoring the work of the auditor.

With respect to the information required in the Transparency Report, the approved amendments include disclosures related to the firm profile, governance, and leadership of the registered accounting firm and a description of the quality management system applied by the registered accounting firm, including the names of the persons assigned to oversee the quality management system, as well as disclosure of the outcome of the annual evaluation of that system. This enables interested parties to assess the quality of audit work performed by registered accounting firms.

The CMA had published, on 8 April 2026, the draft "Amendments to the Rules for Registering Auditors of Entities Subject to the Authority's Supervision" on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the Saudi Competitiveness and Business Center, and the CMA's website for public consultation for a period of (30) calendar days.

The amended Rules for Auditors of Entities Subject to the Authority's Supervision can be accessed through the following link:

The Rules for Auditors of Entities Subject to the Authority's Supervision​

The Capital Market Authority (CMA) called upon all interested and relevant persons and participants in the capital market to share their feedback on the Draft Regulatory Provisions for Earnings Calls. The consultation period will last for 30 calendar days, ending on 18/05/1448H, corresponding to 29/10/2026.

The proposed regulatory provisions aim to enhance disclosure and transparency practices and establish requirements for periodic communication between listed companies and their investors and analysts regarding their financial results and performance, thereby enhancing the quality of information available to investors and supporting informed investment decisions and company performance.

The proposed regulatory provisions require all companies listed on the Main Market to hold earnings calls twice a year. Each call must be held within five business days of the announcement of the financial results and after the market closes, in accordance with a set of regulatory requirements governing such calls. The company must announce the call on its website and specify how the call will be conducted and the process for registering to attend. During the call, the company will discuss its financial results, guidance on its future financial performance, challenges and opportunities, and respond to participants' questions and inquiries.

The provisions also require the content of earnings calls to be made available to all investors by immediately publishing the presentation and a recording of the call on the company's website.

The proposed regulatory provisions are expected to improve the regularity and quality of communication between listed companies and investors, increase the level of information available regarding companies' results and performance, and establish earnings calls as a regular corporate practice among companies listed on the Main Market. This would promote efficient and equitable access to information among market participants.

The CMA emphasized that the comments from the public shall be taken into full consideration for the purpose of approving the final version of the Regulatory Provisions for Earnings Calls, which shall come into effect upon the announcement of the annual financial results for the 2026 fiscal year. Comments can be submitted through the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the Saudi Competitiveness & Business Center, during the specified consultation period, through the following link: istitlaa.ncc.gov.sa​

​The Capital Market Authority (CMA) called upon all interested and relevant persons and participants in the capital market to share their feedback on the Draft Regulatory Provisions for Conducting Dealing Activities in Financial Markets Outside the Kingdom. The consultation period will last for 30 days, ending on 16/05/1448H, corresponding to 27/10/2026.

The Draft aims to enhance the supervisory framework regulating the activities of capital market institutions when dealing with their clients in financial markets outside the Kingdom.

The Draft clarifies that the suitability requirements apply to transactions concluded in financial markets outside the Kingdom, where those markets are equivalent to the Main Market or the listed debt instruments market, in accordance with the requirements set out in the Capital Market Institutions Regulations. Accordingly, the institution must fulfill the suitability requirements before commencing dealing with the client in those markets, without the need to reassess suitability upon the execution of each subsequent transaction, unless a material change occurs in the client's information or circumstances that warrants reconsideration.

As for margin transactions involving securities in external markets, the Draft aims at supervisory controls to mitigate the associated risks. Most notably, these require the client to pay a margin of no less than 50% of the transaction value and to monitor it periodically, alongside prohibiting the execution of this type of transaction on highly leveraged instruments or on companies whose accumulated losses exceed half of their capital.

The CMA emphasized that the comments from the public shall be taken into full consideration for the purpose of approving the final version of the Draft Provisions Regulating Dealing Activities in Financial Markets Outside the Kingdom, which shall come into effect as of 01/11/2026. Opinions and comments can be received through the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the Saudi Competitiveness & Business Center, during the specified consultation period, through the following link: istitlaa.ncc.gov.sa

​The Capital Market Authority (CMA) called upon all interested and relevant persons and participants in the capital market to share their feedback on the Draft Regulatory Provisions for the Restrictions on Algorithmic Trading. The consultation period will last for 30 days, ending on 13/05/1448H, corresponding to 24/10/2026.

The Draft aims to developing the regulatory provisions for algorithmic trading and enhancing its integrity and efficiency, in a manner that ensures such trading does not have an adverse impact on the market or cause disruption to market trading, thereby contributing to investor protection and enhancing confidence in the Saudi capital market.

Among the key provisions of the Draft is that the ratio of algorithmic trading orders to executed trades in a listed security during a single trading day shall not exceed 20 orders per executed trade. This requirement applies to securities listed on the Main Market, excluding those classified under the “Very High Liquidity" category in accordance with the securities liquidity classification published on the Saudi Exchange website. The ratio shall be calculated at the level of each trader registered with the Exchange who is responsible for the trading activities of the market member and its clients.

The Draft also requires Capital Market Institutions to establish and maintain the necessary systems and supervisory procedures to ensure the integrity and efficiency of algorithmic trading and prevent any adverse impact on the market. It further requires the establishment of specific methodologies for developing and testing such systems and algorithms prior to their implementation, maintaining the relevant records, and providing the CMA and the Saudi Exchange with any information or data related to algorithmic trading upon request.

The CMA emphasized that the comments from the public shall be taken into full consideration for the purpose of approving the final version of the Draft Regulatory Provisions for Algorithmic Trading in the Capital Market, which shall come into effect as of 01/11/2026. Opinions and comments can be received through the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the Saudi Competitiveness & Business Center, during the specified consultation period, through the following link: istitlaa.ncc.gov.sa​​

​The CMA has issued its resolution approving the public offer, by " SNB Capital – Princess Nourah University Waqf Fund"

An investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information.

The CMA's approval of the fund should never be considered as a recommendation to subscribe in the fund, The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.