2021 Q3 Report En · Page 7

 
7  | 
Listing and Trading Government Debt Instruments in 
the Saudi Stock Exchange 
Tadawul has approved through Q3 2021 the listing request 
of the debt instruments, issued by the government of the 
Kingdom of Saudi Arabia submitted by the Ministry of 
Finance as per the Listing Rules with a total value of SAR 
(6,873,254,000) and listing of the debt instruments from 
a class already listed with a total value of SAR 
(21,572,265,000). 
The Capital Market Authority publishes the Draft 
Regulation on Reporting Capital Market Law Violations 
and the Draft Amendments to the Rules on the Offer of 
Securities and Continuing Obligations for Public 
Consultation 
As part of the Capital Market Authority's ("CMA") strategic 
objectives to regulate and develop the capital market, 
the CMA Board issued its resolution to publish the draft 
Regulation on the Reporting of Violations of the Capital 
Market Law ("Draft Regulation") for public consultation 
for a period of (30) calendar days ending on 02/01/1443H 
corresponding to 10/08/2021G. Also, the CMA Board 
issued its resolution to publish the draft Amendments to 
the Rules on the Offer of Securities and Continuing 
Obligations ("Draft Amendments") for public consultation 
for a period of (30) calendar days ending on 27/2/1443H 
corresponding to 5/10/2021G. 
The Draft Regulation aims to regulate reporting of 
violations of the Capital Market Law and its implementing 
regulations, or violations of the regulations of the 
Exchange, the Depository Center, or the Clearing Center. 
This includes the determination of the financial rewards 
for those who report such violations, the controls on 
granting the rewards, and the procedures that contribute 
towards the protection of those who report violations. 
Regarding the Draft Amendments, which aim to regulate 
capital increase through issuing shares with the 
suspension of preemptive rights, including the categories 
of investors that may be targeted in the associated shares 
offering, as an additional option for companies listed on 
the Exchange in addition to the currently available 
options to increase capital through rights issue, 
capitalisation issue, debt conversion, acquisition of a 
company, or asset purchase. 
The Capital Market Authority Announces the Approval 
on the Offering and   Registration of shares of a number
of companies in the capital market 
The Capital Market Authority announced the issuance of 
several resolutions by the CMA Board in the third quarter 
of the year 2021, regarding the approval of offering the 
following companies in the parallel market: Group Five 
Pipe Saudi Company, Jahez International Company for 
Information and Technology, and Al Hasoob Trading 
Company. Also, The Capital Market Authority announced
the approval on the registration of shares of Enma Al-
Rawabi Company for Direct Listing in the Parallel Market 
(Nomu). 
The board also announces the approval on the Initial 
Public Offering in the main market for three companies: 
• 
Nayifat Finance Company 
• 
East Pipes Integrated Company for Industry
• 
Almunajem Foods Company 
Fitch affirmed Saudi Credit Rating to "A" and revised 
the outlook to stable from negative 
The international credit rating agency "Fitch" affirmed 
Saudi Arabia's credit rating at "A" and revised the outlook 
to stable from negative. This makes the Kingdom, due to
its economic reforms and the appropriate policies and 
processes taken against the fallout of COVID-19
pandemic, among on