Saudi Exchange & Edaa announce changes to general assemblies and dividends services

Further to the announcement of CMA’s Board approval to amend the effective date of the rules and procedures of post trade project and the amendments of the glossary of defined terms used in the exchange rules which are coincide with the launch of a bundle of enhancements to develop the post trade infrastructure.

Saudi Exchange & Edaa announce the following updates to the general assembly meetings and dividends services:

–    The services have been paused for the general assemblies that include a capital increase decision through rights issues.

–    The service will be paused after Sunday 20/03/2022 for the general assembly meetings that include a capital change decision (increase, decrease, acquisition or splitting securities).

–    The service will be paused after Monday 28/03/2022 for the meetings that do not include a capital change decision or the distribution of dividends.

–    The deadline for providing cash dividend services will be according to the approved dates for eligibility and distribution as follows:

o    The eligibility date does not exceed Sunday 27/03/2022 at the latest.

o    The distribution date does not exceed Wednesday 30/03/2022 at the latest.

The provision of the above services will be resumed on Sunday 10/04/2022 for all the cases mentioned above, except for the distribution of dividends, which will be available as of Monday 11/04/2022 (for any dividends that are eligible on Sunday 10/04/2022 onwards).