The Capital Market Authority (the CMA) approved on 3 March 2022CE amendments to the Rules on the Offer of Securities and Continuing Obligations (the ROSCOs). The amendments include new requirements relating to the private placement of debt instruments.
â€Private Placement
For debt instruments issued by a Saudi Arabian company (or a special purpose entity sponsored by a Saudi Arabian company), and which are Saudi Riyal denominated:
â€ÂThe debt instruments must be deposited with the Depository Center Company (Edaa). This requirement was previously contained in a CMA circular widely circulated between stakeholders, but has now been included clearly in the ROSCOs. Read more
