‫بهدف تحفيز الاستثمار الأجنبي ورفع جاذبية وكفاءة السوق المالية وتعزيز تنافسيتها محلياً ودولياً “هيئة السوق المالية” تعتمد القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية

إعلان (رابط الإعلان)

الثلاثاء 6 مايو 2023م  –  الرياض, المملكة العربية السعودية – اعتمدت هيئة السوق المالية القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية، وتعليمات الحسابات الاستثمارية المعدّلة، وتعديل اللائحة التنفيذية لنظام الشركات الخاصة بشركات المساهمة المدرجة وقائمة المصطلحات المستخدمة في لوائح هيئة السوق المالية وقواعدها، ليعمل بها ابتداءً من تاريخ نشرها.

وجاء اعتماد تلك القواعد والتعليمات وقائمة المصطلحات، لتطوير الأحكام المنظمة للاستثمار الأجنبي في الأوراق المالية، وتيسير الاطلاع على الأطر التنظيمية المنظمة للاستثمار الأجنبي في الأوراق المالية ‌من خلال جمع الأحكام المنظمة لذلك في وثيقة تنظيمية واحدة، بالإضافة إلى تسهيل إجراءات دخول المستثمرين الأجانب للسوق المالية السعودية.

وتم في التعديلات الأخيرة تخفيف متطلبات المستثمرين الأجانب وتخفيف متطلبات الإفصاح والالتزامات المستمرة عليهم لتسهيل دخول المستثمر الأجنبي المؤهل في السوق المالية السعودية، ولتقليل الفروقات بين ما هو مفروض على المستثمر الأجنبي المؤهل، مقارنة ببقية فئات المستثمرين في السوق المالية السعودية.

هذا بالإضافة إلى تطوير شروط التأهيل الواجب استيفاؤها من المستثمر الأجنبي المؤهل للاستثمار في الأسهم المدرجة بالسوق الرئيسية، وإلغاء متطلبات تقديم طلب التأهيل واتفاقية تقييم المستثمر الأجنبي المؤهل، مع الاكتفاء في القواعد المعتمدة بمتطلبات فتح الحساب الاستثماري، وفقاً لتعليمات الحسابات الاستثمارية الصادرة عن الهيئة، وذلك بهدف التأكيد على واجب مؤسسة السوق المالية في التأكد من كون المستثمر الأجنبي مستوفياً لشروط التأهيل ذات العلاقة.

كما شملت التعديلات تطوير شروط استثمار الأجنبي غير المقيم في الأوراق المالية المدرجة من خلال اتفاقيات المبادلة، بما في ذلك إلغاء الشرط المفروض على مدة الاتفاقية، بالإضافة إلى إلغاء متطَّلب إشعار الهيئة قبل إبرام اتفاقية المبادلة.

كذلك شملت إضافة قناة جديدة للاستثمار الأجنبي في الأسهم المدرجة في السوق الرئيسية، وذلك من خلال تمكين الأشخاص الطبيعيين والاعتباريين الأجانب من الاستثمار في الأسهم المدرجة في السوق الرئيسية من خلال المحافظ الاستثمارية المدارة من مؤسسات السوق المالية.

‌وستحل القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية بدءاً من تاريخ العمل بها، محل كل من القواعد المنظمة لاستثمار المؤسسات المالية الأجنبية المؤهلة في الأوراق المالية المدرجة، والتعليمات المنظمة لتملّك المستثمرين الاستراتيجيين الأجانب حصصا استراتيجية في الشركات المدرجة، والدليل الاسترشادي لاستثمار الأجانب غير المقيمين في السوق الموازية.

وينتظر أن تنعكس القواعد المعتمدة على تعزيز سيولة السوق المالية السعودية وتعميقها ورفع جاذبيتها وتعزيز مكانة السوق المالية السعودية على المستوى العالمي، بالإضافة إلى نقل المعارف والخبرات للمؤسسات المالية المحلية والمستثمرين من خلال تعزيز دور المستثمر المؤسسي في السوق المالية السعودية.

وجدير بالذكر أن هيئة السوق المالية قامت في 2018 بإصدار التحديث للقواعد المنظمة لاستثمار المؤسسات المالية الأجنبية المؤهلة في الأوراق المالية المدرجة، وعلى أثر ذلك تضاعفت الأرقام الخاصة بالمستثمرين الأجانب، حيث ارتفع عدد المستثمرين الأجانب بنسبة 179% منذ عام 2018 وحتى عام 2022م، وارتفعت نسبة ملكية المستثمرين الأجانب من إجمالي القيمة السوقية للأسهم الحرة من 3.77% في 2018 إلى 14.21% بنهاية 2022.

ويأتي اعتماد القواعد بعد أن نشرت الهيئة مشروع القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية على المنصة الإلكترونية الموحدة لاستطلاع آراء العموم والجهات الحكومية التابعة للمركز الوطني للتنافسية (منصة استطلاع) وموقع الهيئة الإلكتروني لمدة (30) يوماً تقويمياً لاستطلاع مرئيات العموم حياله.

وتهدف المملكة العربية السعودية إلى أن تكون وجهة استثمارية جاذبة ومحفزة للاستمرار والتوسع ضمن رؤيتها 2030، حيث عملت على إصلاحات هيكلية في الجانب الاقتصادي والمالي أسهمت في رفع معدلات النمو الاقتصادي والحفاظ على الاستقرار والاستدامة المالية، والتي بدورها تجذب الاستثمارات الأجنبية إلى المملكة.

وتسعى الهيئة من خلال خطتها الاستراتيجية إلى جعل السوق المالية السعودية السوق الرئيسية في الشرق الأوسط ومن أهم الأسواق المالية في العالم، وأن تكون سوقاً متقدمةً وجاذبةً للاستثمار المحلي والأجنبي بما يمكّنها من أداء دور محوري في تنمية الاقتصاد وتنويع مصادر دخله بما يتماشى مع رؤية 2030.

ويمكن الاطلاع على القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية، وتعليمات الحسابات الاستثمارية المعدّلة، واللائحة التنفيذية لنظام الشركات الخاصة بشركات المساهمة المدرجة المعدّلة، وقائمة المصطلحات المستخدمة في لوائح هيئة السوق المالية وقواعدها المعدّلة، من خلال الروابط الإلكترونية الآتية:

القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية

تعليمات الحسابات الاستثمارية المعدّلة

اللائحة التنفيذية لنظام الشركات الخاصة بشركات المساهمة المدرجة المعدّلة

وقائمة المصطلحات المستخدمة في لوائح هيئة السوق المالية وقواعدها المعدّلة

معلومات التواصل: Contact:

هيئة السوق المالية

الإدارة العامة للتواصل وحماية المستثمر

966114906009+

966557666932+

[email protected]

www.cma.org.sa

 

Capital Market Authority

Communication & Investor Protection Division

966114906009+

966557666932+

[email protected]

www.cma.org.sa

عن الهيئة:   About CMA:

نشأت السوق المالية في السعودية ببدايات غير رسمية في الخمسينات، واستمر الوضع كذلك إلى أن وضعت الحكومة التنظيمات الأساسية للسوق في الثمانينات. وبموجب “نظام السوق المالية” الصادر بالمرسوم الملكي رقم (م/30) وتاريخ 2/6/1424هـ تأسست هيئة السوق المالية. وهي هيئة حكومية ذات استقلال مالي وإداري وترتبط مباشرة برئيس مجلس الوزراء.

للمزيد من المعلومات عن الهيئة يرجى زيارة موقع الهيئة الرسمي على شبكة الإنترنت: www.cma.org.sa

 

The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.

For more information about CMA, please visit the official website: www.cma.org.sa

GlobeNewswire Distribution ID 3552423

To instigate foreign investment, increase the attractiveness and efficiency of the capital market, and enhance regional and international market competitiveness: The Capital Market Authority Approves the Rules for Foreign Investment in Securities

Rules for Foreign Investment in Securities

CMA approves the Rules for Foreign Investment in Securities with the Aim of Investigating Foreign Investment and Raising Attractiveness and Competitiveness of Capital Market

Announcement (Link)

RIYADH, Kingdom of Saudi Arabia, May 05, 2023 (GLOBE NEWSWIRE) — The Capital Market Authority (“CMA”) approved the Rules for Foreign Investment in Securities (the “Rules”), Amendments to the Investment Accounts Instructions, Amendments to the Implementing Regulation of the Companies Law for Listed Joint Stock Companies and Amendments to the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publications.

The approval of the Rules, Instructions and Glossary aim to develop the provisions regulating foreign investment in securities, facilitate access to the regulatory frames regulating foreign investment in securities by collecting the regulating provisions in a single regulatory document, as well as facilitating qualified foreign investors’ (QFIs’) entry procedures to invest in the Saudi capital market.

The last Amendments comprised considering facilitating the QFIs’ requirements, facilitating disclosure requirements and continuous obligations to ease Saudi capital market entry with the aim of minimizing the differences between QFIs and other investor categories in the Saudi market.

The Amendments also comprised developing the qualification conditions that must be met by the QFI to invest in the shares listed in the Main Market and removing the requirements on application for qualification and QFI’s assessment agreement. The approved Rules only requiring the QFI to open an investment account in accordance with the Investment Accounts Instructions issued by CMA. This is to ensure the obligation of the capital market institution to make sure that the QFI is meeting all relevant qualification conditions.

Furthermore, the amendments included developing conditions on the investment of the non-resident foreign investors in listed securities through Swap Agreements, including removing the requirement on the duration of such swap agreements, as well as removing the requirement to notify the CMA prior to entering into a Swap Agreement.

The Amendments also included adding a new channel for foreign investment in securities listed on the main market by enabling all foreign natural and legal persons to invest in securities listed on the main market through discretionary portfolios management by Capital Market Institutions.

As of its effective date, the Rules shall replace the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities, Instructions for the Foreign Strategic Investors’ Ownership in Listed Companies and the Guidance Note for the Investment of Non-Resident Foreigners in the Parallel Market.

The approval of these rules is expected to have a positive impact on boosting liquidity in the Saudi market, deepening and raising its attractiveness, and enhancing its global status. The rules will also contribute to the transformation of knowledge and experiences in local capital institutions and investors, thereby enhancing the role played by institutional investors in the Saudi capital market.

It is worth noting that the CMA issued the updated edition of the Rules in 2018, which resulted in a 179% increase in the number of QFIs from 2018 to 2022 . In addition, the foreign investors’ ownership ratio of the free float total market value increased from 3.77% in 2018 to 14.21% by the end of 2022.

The approval of the Rules came after CMA has published the Draft Rules for Foreign Investment in Securities on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated with the National Competitiveness Center (NCC), and the CMA’s website for public consultation for a period of (30) calendar days.

Within its Vision 2030, the Kingdom aims to be an attractive and instigating investment destination to continue expanding, as it has developed structural reforms in the financial and economic aspects that have contributed to raising economic growth rates and maintaining financial stability and sustainability, which in turn, helps in attracting foreign investments.

Through its strategic plan; the CMA seeks to position the Saudi capital market as main market in the Middle East and one of the leaders financial markets in the world, and to be an advanced market and attractive to domestic and foreign investment, enabling it to play a pivotal role in developing the economy and diversifying its sources of income in line of the Kingdom’s Vision 2030.

The Rules for Foreign Investment in Securities, the Amended Investment Accounts Instructions, the Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies and the Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be viewed via the following links:

The Rules for Foreign Investment in Securities

The Amended Investment Accounts Instructions

The Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies

The Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
[email protected]
www.cma.org.sa

About CMA:
The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.

For more information about CMA, please visit the official website: www.cma.org.sa

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa8014a9-7c79-458e-87eb-2da58d688e6c

GlobeNewswire Distribution ID 8833372

China Asks Afghanistan’s Taliban to Address Terrorism Worries

Pakistan on Saturday hosted top diplomats from neighboring China and Taliban-ruled Afghanistan for a trilateral dialogue that seeks to promote regional security, trade, transit, and counterterrorism collaboration.

Taliban Foreign Minister Amir Khan Muttaqi, who faces United Nations travel restrictions, was granted a waiver to attend the meeting in Islamabad. Chinese Foreign Minister Qin Gang and his Pakistani counterpart, Bilawal Bhutto Zardari, led their respective delegations at the fifth round of the trilateral framework.

The participants held “productive discussions on political engagement, counterterrorism, trade, and connectivity,” said the Pakistani Foreign Ministry in a brief post-meeting statement without elaborating.

Official sources said Pakistani and Chinese delegates had shared with Taliban representatives the security concerns stemming from a growing threat of terrorism in Afghanistan and the challenges it poses to neighboring countries. The delegates exchanged views about how to support the de facto Afghan authorities in the economic reconstruction of the conflict-ravaged impoverished South Asian nation.

Terror concerns

Qin said before the trilateral meeting that China and Pakistan were ready to support “actively” the Afghan reconstruction efforts, but he pressed the Taliban to deliver on their regional and international commitments.

“We hope that Taliban would embrace inclusive government and moderate policies and maintain friendly relations with its neighbors,” the top Chinese diplomat told reporters after bilateral talks with Zardari. Qin spoke through his official interpreter.

“It is important that [the] Taliban take the security concerns of its neighbors seriously and take stronger measures to counter various terrorist forces within Afghanistan,” he noted.

Qin said that China was ready to step up counterterrorism and security cooperation with Afghanistan and Pakistan to jointly fight terrorist threats such as the East Turkestan Islamic Movement. Beijing has long alleged ETIM militants use Afghan soil to wage cross-border attacks against China.

An Afghan affiliate of the Islamic State terrorist group, known as IS-Khorasan, lately has also increased attacks in Afghanistan, targeting civilians, Taliban members and even Chinese nationals.

Speaking alongside his Chinese counterpart, Zardari also underscored Islamabad’s worries stemming from a spike in terrorist attacks in his country since the Taliban takeover of Afghanistan nearly two years ago.

“For us in Pakistan, our core issue, our red line is the issue of terrorism, which poses a serious threat to our regional stability, regional peace and is a real stumbling block in the way of the progress of the Afghan people,” Zardari said.

Pakistan says fugitive leaders and members of the outlawed Tehreek-e-Taliban Pakistan, or TTP, use Afghan sanctuaries to plot cross-border terrorism. Officials in Islamabad maintain that terrorist activities have increased since the Taliban reclaimed power in Kabul in August 2021, killing hundreds of Pakistanis, mostly security forces.

TTP, also known as the Pakistani Taliban, is an offshoot and close ally of the Afghan Taliban and played an instrumental role in their 20 years long insurgency against U.S.-led NATO forces that brought them to power nearly two years ago when the international forces left Afghanistan.

The Taliban deny they are allowing anyone to use Afghan soil to threaten Pakistan or other countries. Critics question those claims, citing the presence of fugitive TTP chief in last year’s failed peace talks with Pakistani officials that were brokered and hosted by the Taliban in Kabul.

Taliban leaders pledged they would respect the rights of all Afghans, including women. Instead, the hardline de facto authorities have gradually imposed their strict interpretation of Islamic law or Sharia. They have stopped most women from working and banned teenage girls’ from receiving an education beyond the sixth grade.

The restrictions have outraged the international community and deterred it from recognizing the Taliban as the legitimate ruler of Afghanistan.

Afghanistan-CPEC

Qin said Saturday that his government also was determined to link landlocked Afghanistan to a multibillion-dollar infrastructure development project in Pakistan with Chinese investment under Beijing’s Belt and Road Initiative.

The China-Pakistan Economic Corridor, or CPEC, is building new road networks, power plants, and ports to link the two countries and help Islamabad improve its economic productivity.

“We will help extend the CPEC toward Afghanistan, promote our exchanges on cooperation in trade, investment, and interactions, and enhance people-to-people and cultural exchanges between our three countries,” Qin said.

China initiated the trilateral dialogue with Pakistan and Afghanistan in 2017 to help ease tensions between its two uneasy neighbors, which share a 2,600-kilometer border. The Taliban were at the time waging a deadly insurgency against the then-U.S.-backed Afghan government, though Beijing and Islamabad maintained contacts with insurgent leaders.

The U.S. and other Western governments had moved their diplomatic missions out of Kabul to Qatar when the Taliban seized power. But China, Pakistan, Iran, Turkey and Russia are among around 20 neighboring and regional countries that have kept their embassies open or returned to Afghanistan.

While Western nations have suspended their economic cooperation with Kabul since withdrawing their troops, Beijing, Moscow, and Islamabad have increased engagement with the new Afghan authorities.

China recently secured a 25-year contract to extract oil from the Afghan Amu Darya Basin and are actively negotiating other investments with the Taliban. Russian exports to Afghanistan reportedly have increased to more than $10 million monthly.

The trade balance between the Taliban government and Pakistan has tilted in favor of Kabul for the first time in the history of bilateral ties. Taliban Commerce Minister Haji Nooruddin Azizi, accompanying Muttaqi on his Islamabad visit, met Saturday with his Pakistani counterpart, Syed Naveed Qamar.

An official statement said the two sides agreed to enhance trade volumes and streamline procedures to ensure “efficient border management” to improve bilateral trade and economic cooperation.

Source: Voice of America

Record funds to be allocated for promotion of IT sector: GB CM

Chief Minister Gilgit Baltistan Muhammad Khalid Khurshid Khan has said that a significant amount will be allocated for the promotion of IT sector in the upcoming annual budget of Gilgit Baltistan.

He was addressing the MOU signing ceremony of GB Government with Japan Plus W Company in Islamabad.

Under the MOU, Japan will cooperate with the GB Government to impart IT training to youth in GB Universities from August this year.

The Chief Minister said that GB Government has set up 300 IT Labs in schools of Gilgit Baltistan.

He said courses of different foreign languages would be introduced in schools from June this year.

Source: Radio Pakistan

PMDC Makes Lucrative Offer to Employees to Take Early Retirement

The Pakistan Medical and Dental Council (PMDC) has recently introduced a voluntary scheme, called ‘golden handshake’ (GHS), which has been offered to around 100 permanent employees.

This move is in accordance with the PMDC Act 2022 and is aimed at reducing the government’s pension-related expenses.

According to a senior officer of the council, in view of the PMDC Act, the government has adopted a policy to decrease pension expenses by offering employees under the age of 55 a severance package in exchange for their early retirement.

The competent authority, exercising its powers under Section 9 of the PMDC Act 2022, has announced the GHS for regular employees who are under 55 years old and have at least ten years of service as of June 30, 2023.

Employees who accept the GHS will receive a double commutation of their pension as part of their final settlement. However, they will not receive monthly pensions. Additionally, they will be entitled to leave encashment of 12 months, and a payment equivalent to a one-year salary will be given as the PMDC welfare grant.

The general provident fund will be self-subscribed along with the PMDC contribution and interest after adjusting the outstanding advance amount.

A senior PMDC officer, speaking on the condition of anonymity, said that it was a requirement of the PMDC Act to offer the GHS to employees. “In the past, the Pakistan Medical Commission declared a mandatory GHS for employees and provided a nominal amount of Rs2.6 million to those in a special pay scale,” he said.

“However, the current GHS is voluntary, and employees, on average, may receive Rs10 million. Nonetheless, as the age limit has been lowered to 55 years, most employees may not accept it,” he added.

It is worth noting that in January of this year, the PMC ceased to exist after President Dr. Arif Alvi approved the PMDC Bill 2022, which has become an Act of Parliament. The PMDC Bill was passed in a joint sitting of parliament in December of last year and then forwarded to President Alvi for his approval.

Source: Pro Pakistani