Tadawul, Edaa seek public input on updated rules for multi-class listings

Tadawul trading screen

The Saudi Exchange Co. (Tadawul) and the Securities Depository Center (Edaa) have published the draft amended rules for multi-class listings for public consultation until March 18.

The proposed amendments are aimed at developing the regulatory framework governing multi-class listings, in alignment with the Companies Law and the Implementing Regulations of the Companies Law, Tadawul said in a statement.

It added that the amendments also introduce provisions enabling issuers to juggle multiple share types and classes.

By adopting internationally recognized best practices, these changes aim to increase the market's attractiveness to issuers and investors and to expand the range of available investment opportunities, it noted.

The proposed amendments are available for review through the following link:

- The Draft Amendments to the Exchange Rules.

Opinions and observations regarding the draft updated rules can be submitted through an email to: Public.Consultation@tadawulgroup.sa.