On 7 July 2025, SAU CMA approved the regulatory framework for the issuance of Depository Receipts in the Saudi Capital Market corresponding to foreign shares.

• Introduce new security through the regulation of issuing depository receipts in the capital market for shares listed in foreign market, providing additional listing options.
• Allow foreign companies to register and offer depository receipts in capital market representing their shares listed in foreign markets, upon obtaining required approval.
• New regulatory framework shall be effective as of the date of its publication.
• Depository Receipts' (DR) impact on substantial shareholding disclosure reporting.
• Need to include DRs in calculating substantial shareholding thresholds.