The securities sector in the Kingdom represents one of the vital pillars of the national economy and is subject to direct regulatory and supervisory oversight by the Capital Market Authority (CMA). Under the Capital Market Law, the Authority is responsible for regulating the market, issuing implementing regulations, and overseeing the activities of entities operating within it. This framework is designed to ensure transparency, protect investors, and maintain market integrity.

Key Securities Services:

• Public and Private Offerings Advisory Providing legal consultations on public and private offerings, and drafting issuance documents, prospectuses, and statutory reports.

• Governance and Disclosure Compliance Drafting internal regulations for listed joint-stock companies in accordance with corporate governance rules and CMA disclosure requirements.

• Securities Litigation and Disputes Providing legal representation in disputes arising from securities trading, including disclosure violations, market manipulation, or insider trading.

• Representation before Judicial Committees Litigating before the Committee for the Resolution of Securities Disputes (CRSD) and drafting statements of claim, defense, and appeals.

• Financial Institutions and Funds Advisory Providing ongoing legal counsel to brokerage firms, investment funds, and financial institutions regarding compliance, regulation, and oversight.