Fsdp Quarterly Newsletter Q2 2025 · Page 7
fsdp-quarterly-newsletter-q2-2025.pdf
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7 | The Saudi Exchange Company Amends Tick Size Bands of Securities The Saudi Exchange Company announces amendments to the structure of its minimal incremental price movement bands, or “tick size” bands, for Main Market and Nomu- Parallel Market securities, excluding debt instruments. These changes bring the Saudi Exchange more in line with global best practice and come into effect on 29/06/2025G. The new structure introduces expanding the applicability of smaller tick size bands, in addition to an additional band for securities priced at SAR 500 and above to maintain an appropriate range of spreads across price bands. The amendments aim to enable more precise pricing and enhance overall market and trading efficiency, in addition to Minimize spread constraints, thereby reducing trading costs for investors. The Saudi Exchange Company Announces an Enhanced Stock Split Process The Saudi Exchange Company announces changes to its trading and membership procedures to enhance the trading process for shares resulting from stock splits implemented by companies listed on the Saudi Exchange. Ensuring that changes in share quantities and its prices are reflected in investors' portfolios immediately. The adjusted shares will be available for trading by the exchange members from the first trading session after the stock split decision is approved. This process enhancement will support investors in making faster, more informed investment decisions, ensuring that there is no misalignment in the share price and share quantity of a stock during a stock split. This enhancement is operational in nature and does not impact the procedure of stock splits or its requirements for listed companies. Issuers intending to split their stocks can continue to do so without any change to existing mechanisms. The Permission of the FinTech experiment granted to Three companies and their completion of the commencement of business requirements Based on the Capital Market Law issued by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experimental Permit instructions issued by the Board of the Capital Market Authority, The Capital Market Authority announced that three companies have completed the commencement of business requirements to experiment the Financial Technology permit granted to them pursuant to the decision of CMA's Board of Directors, which are: - Owais Al-Osool for Financial Technology to test Offering and Investment in Debt Instruments. - Emkan Alarabiya to test Investment and Real Estate Funds Distribution Platform. - InvestSky Holding Limited Financial Technology Company to test Social Trading. Saudi Tadawul Group Launches the “STG App” to Drive Digital Transformation in the Kingdom’s Capital Markets Saudi Tadawul Group has announced the launch of the STG App, a new digital platform that marks a significant milestone in the digital transformation of the Saudi Capital Market. The STG App offers a seamless, feature- rich experience designed to empower market participants with instant access to a wide range of market services and data. Through the app, users can stay updated with instant market news, access up-to-date market data, create customized watchlists, and efficiently monitor their investment portfolios, all of which contribute to an enhanced user experience and enables more informed investment decisions. With the STG
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