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SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
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The following terms and phrases, wherever mentioned herein, shall have the meanings assigned to them unless the context otherwise requires:
Term
Definition
SAMA
Saudi Central Bank
Receiving Bank
A receiving bank that collects and processes application forms and subscription amounts from retail subscribers within an IPO. For an IPO with more than one receiving bank, the term “receiving bank” includes the main receiving bank or a sub-receiving bank.
Lending Bank
A bank that extends credit facilities to its clients for the purpose of facilitating their subscription for securities in an IPO.
Issuer
A person who issues or intends to issue securities.
Securities
A security is a document that shows a person’s legal ownership of a share in a joint stock company and reflects a financial value.
Offering Period
It includes the period of registration of subscription applications, the process of book building, the payment of the subscription value, and the final allocation of offered shares.
A natural person who is not a legal entity nor of high net worth.
High-Net-Worth Subscribers
Natural persons with high solvency who are classified according to the limits and criteria of the bank, provided that their assets under the bank’s management are not less than SAR 5 million.
Legal Entities
A legal entity such as commercial institutions, companies, government and semi-government sectors, and financial institutions or a group of persons and/or entities that come together for a specific purpose and form a legal entity.
Government Offering
The IPO of a company’s Securities in which the Saudi government, or any entity directly or indirectly affiliated with it, owns 51% or more.
