Logo of Capital Market Authority (CMA)
The Capital Market Authority (CMA) invited all interested parties to submit their views on enabling investors in the Saudi Exchange to invest in investment funds, which were previously offered privately through the regulatory framework for investment funds.
The consultation period is 30 days, ending on September 10, 2025.
The proposed draft aims to develop the regulatory framework for investment funds and provide new products in Tadawul by allowing investment funds established for engaging in direct and indirect financing activities to offer their units in a public offering.
This will help provide an additional financing channel that supports economic growth and meets its financing needs, and will enable the growth of the asset management industry, increase the total assets under management, and diversify the investment assets available to all investors in Tadawul, the regulator said, in a statement.
It indicated that the key elements of the proposed draft include providing additional structures for finance investment funds, by publicly offering and listing them on the Main Market (TASI) and the Nomu-Parallel Market, as their offering is currently limited to private placements.
AI Summary
Comments Analysis: