The Saudi Exchange has announced amendments to its listing rules for debt instruments, aligning with the Capital Market Authority’s (CMA) market enhancements. These updates, effective immediately, aim to increase liquidity and investor participation in the Saudi debt capital market.
Key changes include reducing the minimum issuance size for Sukuk and bonds, which will simplify the process for issuers, including SMEs, to access the market. Additionally, debt instruments issued as exempt offers—such as those by development funds, banks, and sovereign funds—will now be excluded from certain listing provisions under part 3 of the amended rules.
“The amendments to the listing rules of debt instruments support the continued growth of Saudi Arabia’s debt capital market,” said Mohammed Al Rumaih, CEO of the Saudi Exchange. “By adjusting listing requirements, we aim to attract greater participation from issuers and investors.”
These changes reflect Saudi Arabia’s efforts to align its debt capital market with global standards. Recent post-trade infrastructure updates in 2023 have further bolstered liquidity and transparency within the market.
The Saudi Exchange continues to focus on debt financing as a means to support local companies and the Kingdom’s broader economic goals, in line with Vision 2030’s Financial Sector Development Program.
