The Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority defines "Qualified Investor" stipulated in Part (8) of the Rules on the Offer of Securities and Continuing Obligations, articles (46) and (47) of the Investment Funds Regulations and article (45) of the Real Estate Investment Funds Regulation as any of the following: 1) Capital Market Institutions acting for their own account. 2) Clients of a Capital Market Institution authorised by the Authority to conduct managing activities provided that this Capital Market Institution has been appointed as an investment manager on terms which enable it to make decisions concerning the acceptance of an offer and investment in the Parallel Market on the client’s behalf without obtaining prior approval from the client. 3) The Government of the Kingdom, any government body, any supranational authority recognized by the Authority or the Exchange, and any other stock exchange recognized by the Authority or the Securities Depository Center. 4) Government-owned companies, either directly or through a portfolio managed by a Capital Market Institution authorised to carry out managing activities. 5) Companies and funds established in a member state of the Cooperation Council for the Arab States of the Gulf. 6) Investment Funds. 7)
Any other legal persons allowed to open an investment account in the Kingdom and an account at the Depositary Center. 8) Natural persons allowed to open an investment account in the Kingdom and an account at the Depositary Center, and fulfill any of the following criteria: a. has conducted transactions in security markets of not less than 40 million Saudi riyals in total, and not less than ten transactions in each quarter during the last twelve months. b. his net assets is not less than 5 million Saudi Riyals. c. works or has worked for at least three year in the financial sector. d. holds the General Securities Qualification Certificate which is recognized by the Authority. e. holds professional certificate that is related to securities business and accredited by an internationally recognised entity. 9) Any other persons prescribed by the Authority.
