The Saudi Arabia Capital Market Authority has launched a public consultation on draft amendments to improve the regulatory framework for securitization, covering the Rules on the Offer of Securities and Continuing Obligations, the Rules for Special Purposes Entities, and the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The main proposed change is to allow the public offering of asset-backed debt instruments through securitization operations, alongside updated regulatory requirements for offering these instruments. The draft also proposes stronger disclosure requirements for securitization-related offerings to support clearer and more comprehensive information for investors. The CMA said the changes are intended to deepen the Kingdom's sukuk and debt instruments market, broaden available investment products, and support a more diversified investor base. It has also published a guideline for periodic reports for public offerings of asset-backed debt instruments issued by special purpose entities. The consultation will run for 45 calendar days and closes on 5 June 2026. Feedback from individuals, government entities, private sector participants, and CMA-supervised entities will be considered before the final draft is approved.
Saudi Arabia Capital Markets Authority 2026-04-21
Saudi Arabia Capital Market Authority launches consultation on securitization reforms including public offerings of asset backed debt instruments
The Saudi Arabia Capital Market Authority has launched a consultation on draft amendments to its securitization framework, including the Rules on the Offer of Securities and Continuing Obligations, the Rules for Special Purposes Entities, and the Glossary of Defined Terms. The proposals would permit public offerings of asset-backed debt instruments via securitization, strengthen disclosure requirements, and are intended to deepen the sukuk and debt instruments market and diversify the investor base, supported by new guidelines for periodic reports.