SAUDI ARABIA: The Capital Market Authority (CMA) is proposing to issue offshore securities business licenses to both local and foreign entities with regional headquarters in Saudi Arabia. The draft regulations will be open for stakeholders’ feedback by the 28th June 2025. This license will enable such entities to conduct securities activities abroad as well as manage funds investing in securities within the Kingdom. These services may be offered to foreign clients abroad, in addition to a specified category of local clients like sovereign wealth funds and pension funds in the Kingdom. The CMA also approved the Guidelines for Issuing Green, Social, Sustainable and Sustainability-Linked Debt Instruments, which came into effect from the 27th May 2025. Covering these four categories, any instances of non-compliance with these provisions must be disclosed.
CMA announces offshore securities licensing, debt instrument guidelines
Restricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
