Tadawul seeks public feedback on subsidiary direct listings

The Saudi Exchange (Tadawul) announced public consultation on the draft amendments to the listing rules, inviting market participants and stakeholders to submit their feedback on the regulatory framework.

The proposed amendments aim to allow the direct listing of shares of a subsidiary of a company already listed on the Main Market (TASI). The changes will exempt issuers applying for a direct listing from public offering requirements, while setting out the market’s specific requirements for submitting direct listing applications and the necessary approvals required from the issuer.

Tadawul said all opinions and observations will be considered and assessed during the process of issuing the final draft.

Tadawul will receive the opinions of interested and concerned persons no later than March 27, 2026, via the email address below: Public.Consultation@tadawulgroup.sa

The proposed amendments align with a draft published by the Capital Market Authority, which aims to enable subsidiaries of TASI-listed companies to list their shares directly on the Main Market without undergoing an initial public offering process.

Draft Amendments to the Listing Rules