Saudi Gazette, 3 April 2026: Saudi Arabia’s Capital Market Authority has approved a regulatory framework permitting the offering and listing of Special Purpose Acquisition Companies (SPACs) on the Nomu Parallel Market, expanding investment products and access to private companies.

The Capital Market Authority (CMA) announced that its board had approved a comprehensive framework regulating the registration, offering, and operation of SPACs in the Nomu Parallel Market, through amendments to key regulations, including:

• the Implementing Regulation of the Companies Law for Listed Joint Stock Companies,
• the Rules on the Offer of Securities and Continuing Obligations, and
• the Glossary of Defined Terms used in CMA regulations

The amendments will take effect upon publication.

The CMA stated that the framework is intended to diversify available investment instruments, encourage private‑sector listings, and enhance liquidity and capital formation in Nomu. It also provides investors with regulated access to non‑listed companies that were previously difficult to invest in directly, aligning with the Kingdom’s capital‑market development objectives.

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