{"id":63107,"date":"2024-02-15T20:06:54","date_gmt":"2024-02-15T17:06:54","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=63107"},"modified":"2025-11-26T20:36:36","modified_gmt":"2025-11-26T20:36:36","slug":"%d8%a8%d8%a7%d9%84%d8%aa%d9%81%d8%a7%d8%b5%d9%8a%d9%84-%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b9%d8%aa%d9%85%d8%af-%d8%aa%d8%b9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/63107\/","title":{"rendered":"Details... The Capital Market Authority (CMA) approves the instructions for offering real estate contribution certificates"},"content":{"rendered":"<p>\u0627\u0639\u062a\u0645\u062f \u0645\u062c\u0644\u0633 <strong><a href=\"https:\/\/www.cma.org.sa\/\">Capital Market Authority<\/a> <\/strong>\u062a\u0639\u0644\u064a\u0645\u0627\u062a \u0637\u0631\u062d \u0634\u0647\u0627\u062f\u0627\u062a \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u0627\u062a \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629\u060c \u0648\u062a\u0639\u062f\u064a\u0644 \u0642\u0648\u0627\u0639\u062f \u0637\u0631\u062d \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0648\u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u0645\u0635\u0637\u0644\u062d\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0629 \u0641\u064a \u0644\u0648\u0627\u0626\u062d \u0647\u064a\u0626\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0642\u0648\u0627\u0639\u062f\u0647\u0627 \u0639\u0644\u0649 \u0623\u0646 \u064a\u062a\u0645 \u0627\u0644\u0639\u0645\u0644 \u0628\u0647\u0627 \u0627\u0628\u062a\u062f\u0627\u0621\u064b \u0645\u0646 \u062a\u0627\u0631\u064a\u062e \u0646\u0634\u0631\u0647\u0627.<\/p>\n<h4><span style=\"color: #800000;\"><strong>Real Estate Contributions Law\u00a0<\/strong><\/span><\/h4>\n<p>The adoption of these instructions was based on the roles of the Capital Market Authority as defined by the Real Estate Contributions System, specifically in regulating the real estate contribution registry, and in regulating the issuance of the real estate contribution certificate that confirms the shareholder\u2019s ownership of a share in the real estate contribution, along with the agreement with the General Authority of Real Estate regarding the regulation of fund collection for the purpose of offering the real estate contribution, in order to keep pace with the significant development taking place in the real estate sector and open up new financing and investment channels.<br \/>\nThese instructions aim to regulate the registration and issuance of real estate contribution certificates, including specifying the requirements that must be met before those certificates are issued, marketed, advertised for, or raised funds for, as well as the special and public issuance requirements for these certificates, in addition to regulating the obligations of the financial market institution through which these certificates will be issued, the registration of shareholders, and the requirements for maintaining books and records.<\/p>\n<p>According to the most prominent provisions of the approved instructions, the financial market institution through which the offering will be conducted must ensure that sufficient information is provided to investors regarding the real estate contribution; so that they can make an investment decision based on understanding and knowledge, and that such information is complete, clear, correct, and not misleading. The instructions also included that if the offering is not completed, the funds of the investors will be refunded without any deduction within a period not exceeding ten days from the end of the offering period, provided that the authority is notified accordingly.<\/p>\n<h4><span style=\"color: #800000;\"><strong>Certificates of real estate contributions\u00a0<\/strong><\/span><\/h4>\n<p>Among the instructions, it was also stipulated that the Capital Market Organization, through which real estate contribution certificates will be issued, must require a written request from the authority containing the required data and documents at least ten days before the proposed date of the special issuance of real estate contribution certificates; it also specified that at least 30 days must be allowed for reviewing the public offering requests before its decision to approve them is issued in accordance with the conditions and regulations it deems appropriate, or the request is rejected.<\/p>\n<p>\u0648\u064a\u0623\u062a\u064a \u0627\u0639\u062a\u0645\u0627\u062f \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u0627\u062a \u0628\u0639\u062f \u0623\u0646 \u0646\u0634\u0631\u062a \u0627\u0644\u0647\u064a\u0626\u0629 \u0641\u064a \u0627\u0644\u0633\u0627\u062f\u0633 \u0645\u0646 \u0646\u0648\u0641\u0645\u0628\u0631 \u0644\u0639\u0627\u0645 2023\u0645 \u0645\u0634\u0631\u0648\u0639 &#8220;\u062a\u0639\u0644\u064a\u0645\u0627\u062a \u0637\u0631\u062d \u0634\u0647\u0627\u062f\u0627\u062a<strong><a href=\"https:\/\/amlak.net.sa\/en\/60691\/\"> Real estate contributions<\/a><\/strong>&#8221; \u0639\u0644\u0649 \u0627\u0644\u0645\u0646\u0635\u0629 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 \u0627\u0644\u0645\u0648\u062d\u062f\u0629 \u0644\u0627\u0633\u062a\u0637\u0644\u0627\u0639 \u0622\u0631\u0627\u0621 \u0627\u0644\u0639\u0645\u0648\u0645 \u0648\u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 \u0627\u0644\u062a\u0627\u0628\u0639\u0629 \u0644\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0648\u0637\u0646\u064a \u0644\u0644\u062a\u0646\u0627\u0641\u0633\u064a\u0629 (\u0645\u0646\u0635\u0629 \u0627\u0633\u062a\u0637\u0644\u0627\u0639) \u0648\u0645\u0648\u0642\u0639 \u0627\u0644\u0647\u064a\u0626\u0629 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a \u0644\u0627\u0633\u062a\u0637\u0644\u0627\u0639 \u0645\u0631\u0626\u064a\u0627\u062a \u0627\u0644\u0639\u0645\u0648\u0645 \u062d\u064a\u0627\u0644\u0647\u060c \u0648\u0627\u0644\u0630\u064a \u0648\u0627\u0643\u0628\u0647 \u062a\u0639\u062f\u064a\u0644 \u0642\u0648\u0627\u0639\u062f \u0637\u0631\u062d \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629\u060c \u0648\u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u0645\u0635\u0637\u0644\u062d\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0629 \u0641\u064a \u0644\u0648\u0627\u0626\u062d \u0647\u064a\u0626\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0642\u0648\u0627\u0639\u062f\u0647\u0627\u060c \u0628\u0639\u062f \u0627\u0633\u062a\u0637\u0644\u0627\u0639 \u0645\u0631\u0626\u064a\u0627\u062a \u0627\u0644\u0639\u0645\u0648\u0645 \u062d\u064a\u0627\u0644 \u0627\u0644\u062a\u0639\u062f\u064a\u0644\u0627\u062a \u0627\u0644\u0648\u0627\u0631\u062f\u0629 \u0641\u064a\u0647\u0645\u0627.<\/p>\n<p>Instructions for submitting can be found here.<strong><a href=\"https:\/\/amlak.net.sa\/en\/60682\/\"> Certificates of real estate contributions<\/a> <\/strong>The rules for the issuance of securities and the adjusted ongoing obligations, as well as the list of terms used in the regulations of the Capital Market Authority and the rules modified by the link: www.cma.org.sa. .<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>The Board of the Capital Market Authority (CMA) has approved the instructions for offering real estate contribution certificates, amending the rules for offering securities, ongoing commitments and the list of terms used in the CMA's regulations and rules, to be effective from the date of publication. The adoption of these instructions was based on the roles of the Capital Market Authority (CMA) as defined in the Real Estate Contributions Law, specifically in ... <a title=\"Details... The Capital Market Authority (CMA) approves the instructions for offering real estate contribution certificates\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/63107\/\" aria-label=\"Read more about \u0628\u0627\u0644\u062a\u0641\u0627\u0635\u064a\u0644.. \u0647\u064a\u0626\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u062a\u0639\u062a\u0645\u062f \u062a\u0639\u0644\u064a\u0645\u0627\u062a \u0637\u0631\u062d \u0634\u0647\u0627\u062f\u0627\u062a \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u0627\u062a \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":60600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[104],"tags":[],"class_list":["post-63107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-and-regulations"],"acf":{"amlak_post_excerpt":"\u062a\u0639\u0644\u064a\u0645\u0627\u062a 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