2020 Q4 Report En · Page 5

 
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Financial Sector Development Highlights 
With the support of the General Authority for Small and 
Medium Enterprises “Monshaat”, “Jada” and the Venture 
Capital Association sign a Cooperation Agreement and 
Strategic Partnership 
The Fund of Funds Company ”Jada“ and the Venture Capital and 
Private Equity Association has signed a strategic cooperation and 
partnership agreement to support the Venture Investment and 
private equity, supported by the General Authority for Small and 
Medium Enterprises (Monshaat), The agreement was signed by 
"Jada" CEO Adel Al-Atiq and CEO of the Venture Capital 
Association Osama Ashari, in the presence of the Venture Capital 
Association Chairman and Private Equity Owner Abdul Rahman 
Tarabzoni. 
In accordance with the cooperation agreement, the two parties 
will exchange experiences to contribute to the support and 
development of the Venture Capital sector and Private Equity and 
participate in the development of training programs to raise the 
level of professionalism in the sector, as well as to cooperate in 
research and studies fields. 
The Capital Market Authority Obligated the Issuer of Listed 
Securities in the Main Market to make any notification to the 
Exchange and Disclosure to the Public in both Arabic and 
English languages 
The Capital Market Authority’s (CMA) Board issued its resolution 
on 09/03/1442H corresponding to 26/10/2020G, obligating the 
issuers of listed securities in the Main market - As per Listing Rules 
- to make any notification to the Exchange and disclosure to the 
public in both Arabic and English languages, starting from 
01/01/2021G, with an exception to the terms and conditions of 
Investment traded funds; in which it is mandatory to disclose in 
English starting from 01/04/2021G. 
This decision comes from CMA continuous endeavors to regulate 
and monitor full disclosure of information relating to securities 
and issuers, and to enhance transparency, facilitating the flow of 
information to the investors and to the public, and to limit risk in 
security transactions. In addition, the CMA evaluates the 
disclosure requirements and makes the necessary amendments 
to increase the quality and comprehensiveness of disclosure in 
the financial market as well as monitoring the level of compliance. 
Furthermore, allowing information to be in both Arabic and 
English languages bring fairness to the local and foreign investors, 
and contributes to raise the level of research, studies, and 
evaluations conducted on the Saudi financial market; this 
provides more accurate information and fairness assessments to 
market participants which help them make their investment 
decisions based on information from reliable sources in a timely 
manner. 
"Monshaat" Signs a Cooperation Agreement to Provide 
Innovative Financing Products for Commercial Excellence 
The General Authority for Small and Medium Enterprises 
(Monshaat) and Arab National Bank signed a cooperation 
agreement to provide innovative financing products for 
commercial excellence and competitive features in accordance 
with the banking regulations issued by the Central Bank of Saudi 
Arabia. The agreement aims at stimulating the franchise industry 
and supporting and developing the SME sector and enhancing its
contribution to GDP.  
The agreement was signed by Vice Governor for Funding of
"Monshaat" Mohammed bin Masfar al-Maliki and the Head of
The Department of Small and Medium Enterprises at Arab 
National Ba